AMUNDI EURSTX600 BANKS (BNK.MI) Stock Technical Analysis
BIT:BNK - Euronext Milan - LU1834983477 - ETF - Currency: EUR
Taking everything into account, BNK scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BNK has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BNK did better than 91% of all other stocks. On top of that, BNK also shows a nice and consistent pattern of rising prices.
BNK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BNK is leading the market.
BNK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, BNK also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
31.94
46.77
5 important support areas can be observed.
- A support zone ranging from 45.69 to 45.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.34 from a trend line in the weekly time frame.
- Support @37.02 from a trend line in the daily time frame.
- Support @36.23 from a trend line in the weekly time frame.
- Support @32.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.84 to 46.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 BNK.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNK.MI is up. |
| ChartMill Relative Strength | 91.55 | POSITIVE | BNK.MI has a high relative strength, it outperformed 91.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNK.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNK.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNK.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.39 | NEUTRAL | The RSI value for BNK.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BNK.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.1 | OVERBOUGHT | The high Stochastics value suggests BNK.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for BNK.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 31.03 | POSITIVE | The high ADX value value for BNK.MI suggests a strong 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:BNK (5/29/2025, 7:00:00 PM)
45.77
+0.07 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.15%
1 Week-1.13%
2 Weeks2.01%
1 Month10.1%
3 Month8.83%
6 Month41.24%
12 Month54.94%
2 Year111.51%
3 Year129.98%
5 Year271.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%1.14%
ATR Inc-0.49%
Range Today0.43
ADR(20)0.38
ADR(20)%0.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.55
Mansfield2.33
10 Day High46.49
10 Day Low44.66
20 Day High46.49
20 Day Low41.86
52 Week High46.49
52 Week Low28.4
CS1 End45.76
CR1 Start45.84
Volume & EV
DER(3)0%
DER(5)0%
Volume4.97K
Volume Incr27.33%
Vol(5)23.68K
Vol(50)36.54K