AM EURO STOXX BANKS-ETF ACC (BNKE.MI) Stock Technical Analysis
BIT:BNKE - Euronext Milan - LU1829219390 - ETF - Currency: EUR
We assign a technical rating of 10 out of 10 to BNKE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BNKE is showing a nice and steady performance.
Warning: BNKE has an average volume of 9124 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.
When comparing the yearly performance of all stocks, we notice that BNKE is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by BNKE over the past year are nicely spread over this period.
BNKE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BNKE has a been trading in the 233.60 - 254.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BNKE has an excellent technical rating and also presents a decent setup pattern. 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 243.75, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
188.86
249.81
We found 4 important support areas.
- A support zone ranging from 235.24 to 243.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @223.16 from a trend line in the weekly time frame.
- Support @210.12 from a trend line in the daily time frame.
- Support @190.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 246.61 to 247.34. 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 BNKE.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNKE.MI is up. |
| ChartMill Relative Strength | 91.37 | POSITIVE | BNKE.MI has a high relative strength, it outperformed 91.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNKE.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNKE.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNKE.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.36 | NEUTRAL | The RSI value for BNKE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests BNKE.MI has a negative trend. |
| Stochastics (14,3) | 43.59 | NEUTRAL | The Stochastics value for BNKE.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for BNKE.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 10.94 | NEGATIVE | The low ADX value for BNKE.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)
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 |
|---|---|---|---|
| 247.35 | 241.09 | 6.26 (2.53%) | 25.00% |
| An entry @247.35. This is a Buy Stop order right above the resistance zone. | An exit @241.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.26 points, which is 2.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- 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:BNKE (7/18/2025, 7:00:00 PM)
246.6
+0.3 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.12%
1 Week-1.67%
2 Weeks0.49%
1 Month3.22%
3 Month18.9%
6 Month41.42%
12 Month61.83%
2 Year101.54%
3 Year210.07%
5 Year301.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.81
ATR(20)%1.63%
ATR Inc-61.52%
Range Today1.2
ADR(20)3.34
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.37
Mansfield1.74
10 Day High254.85
10 Day Low241.1
20 Day High254.85
20 Day Low233.6
52 Week High254.85
52 Week Low144.6
CS1 End243.75
CR1 Start246.61
Volume & EV
DER(3)0%
DER(5)0%
Volume1.08K
Volume Incr-14.75%
Vol(5)8.35K
Vol(50)9.12K