BIT:BGN - IT0001031084 - Common Stock
Taking everything into account, BGN scores 3 out of 10 in our technical rating. BGN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, BGN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 48.71, a Stop Loss order could be placed below this zone.
44.92
2 important support areas can be observed.
2 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The long term trend for BGN.MI is neutral. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BGN.MI is neutral. |
ChartMill Relative Strength | 58.53 | NEUTRAL | BGN.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BGN.MI is below a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BGN.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | MIXED | The current price of BGN.MI is below the rising SMA(200). |
Relative Strength Index/RSI (14) | 46.98 | NEUTRAL | The RSI value for BGN.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests BGN.MI has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 35.4 | NEUTRAL | The Stochastics value for BGN.MI is a neutral value. |
Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for BGN.MI suggests some volalility. |
Average Directional Index/ADX (14) | 27.75 | POSITIVE | The high ADX value value for BGN.MI suggests a strong trend. |
BIT:BGN (9/8/2025, 1:03:08 PM)
49.04
-0.2 (-0.41%)