IVZ COINSHRS BLOCKCHAIN UCIT (BCHN.MI) Stock Technical Analysis
BIT:BCHN - Euronext Milan - IE00BGBN6P67 - ETF - Currency: EUR
Taking everything into account, BCHN scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Warning: BCHN has an average volume of 3869 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that BCHN is one of the better performing stocks in the market, outperforming 91% of all stocks.
BCHN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BCHN is lagging the market slightly.
In the last month BCHN has a been trading in the 115.14 - 130.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BCHN also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
77.77
120.90
When analyzing the support we can see 4 important areas.
- Support @119.55 from a trend line in the daily time frame.
- A support zone ranging from 116.38 to 116.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @81.71 from a trend line in the weekly time frame.
- Support @78.56 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BCHN.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCHN.MI is neutral. |
| ChartMill Relative Strength | 91.67 | POSITIVE | BCHN.MI has a high relative strength, it outperformed 91.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BCHN.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCHN.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCHN.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.09 | NEUTRAL | The RSI value for BCHN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.05 | NEGATIVE | The MACD value suggests BCHN.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.84 | NEUTRAL | The Stochastics value for BCHN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for BCHN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for BCHN.MI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 121.29 | 119.54 | 1.75 (1.45%) | 25.00% |
| An entry @121.29. This is a Buy Stop order right above the 10 day moving average. | An exit @119.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.75 points, which is 1.45%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- The distance between exit and entry is rather small compared to the average daily movement of BCHN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:BCHN (8/8/2025, 7:00:00 PM)
119.7
-2.86 (-2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.33%
1 Week2.54%
2 Weeks-3.42%
1 Month-1.63%
3 Month30.11%
6 Month7.74%
12 Month52.17%
2 Year106.06%
3 Year76.13%
5 Year113.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.77
ATR(20)%2.9%
ATR Inc-0.15%
Range Today2.89
ADR(20)2.58
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.67
Mansfield1.11
10 Day High127.41
10 Day Low115.14
20 Day High130.61
20 Day Low115.14
52 Week High130.61
52 Week Low68.88
CS1 End119.55
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)-0.15%
Volume1.49K
Volume Incr-45.38%
Vol(5)2.86K
Vol(50)3.87K