FT INDXX INNOV TRNSACT&PROCS (BLOK.MI) Stock Technical Analysis
BIT:BLOK - Euronext Milan - IE00BF5DXP42 - ETF - Currency: EUR
Overall BLOK gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BLOK is showing a nice and steady performance.
Warning: BLOK has an average volume of 1638 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BLOK did better than 76% of all other stocks. We also observe that the gains produced by BLOK over the past year are nicely spread over this period.
BLOK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BLOK is performing more or less in line with the market.
In the last month BLOK has a been trading in the 30.77 - 37.34 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although BLOK has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
24.57
38.86
5 important support areas can be observed.
- A support zone ranging from 35.74 to 36.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.69 from a trend line in the weekly time frame.
- A support zone ranging from 32.02 to 32.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.38 from a horizontal line in the daily time frame.
- Support @24.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @37.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 38.26 to 38.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BLOK.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLOK.MI is up. |
| ChartMill Relative Strength | 76.12 | POSITIVE | BLOK.MI has a high relative strength, it outperformed 76.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLOK.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLOK.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLOK.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.95 | NEUTRAL | The RSI value for BLOK.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests BLOK.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.87 | OVERBOUGHT | The high Stochastics value suggests BLOK.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for BLOK.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.43 | NEGATIVE | The low ADX value for BLOK.MI suggests a weak or negative 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)
BIT:BLOK (5/29/2025, 7:00:00 PM)
36.655
-0.11 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.3%
1 Week-0.52%
2 Weeks8.06%
1 Month2.85%
3 Month-0.73%
6 Month14.12%
12 Month27.5%
2 Year38.09%
3 Year34.17%
5 Year119.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2.88%
ATR Inc-49.43%
Range Today0.53
ADR(20)0.55
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.12
Mansfield0.26
10 Day High37.34
10 Day Low34.3
20 Day High37.34
20 Day Low30.77
52 Week High38.57
52 Week Low28.26
CS1 End36.16
CR1 Start37.12
Volume & EV
DER(3)0%
DER(5)0%
Volume680
Volume Incr9.73%
Vol(5)1.01K
Vol(50)1.64K