AM EURO STOXX BANKS-ETF ACC (BNKE.MI) Stock Technical Analysis
BIT:BNKE - Euronext Milan - LU1829219390 - ETF - Currency: EUR
Overall BNKE gets a technical rating of 7 out of 10. 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: BNKE has an average volume of 14757 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BNKE 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 BNKE is leading the market.
Looking at the yearly performance, BNKE did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month BNKE has a been trading in a tight range between 233.25 and 246.80.
Besides having an excellent technical rating, BNKE 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. There is a support zone below the current price at 237.79, a Stop Loss order could be placed below this zone.
More info and screens
184.90
248.67
4 important support areas can be observed.
- A support zone ranging from 235.94 to 237.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @214.84 from a trend line in the weekly time frame.
- Support @203.01 from a trend line in the daily time frame.
- Support @186.77 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 241.16 to 246.21. 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 | NEUTRAL | NEUTRAL | The short term trend for BNKE.MI is neutral. |
| ChartMill Relative Strength | 87.01 | POSITIVE | BNKE.MI has a high relative strength, it outperformed 87.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNKE.MI is below a declining 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) | 50.26 | NEUTRAL | The RSI value for BNKE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.66 | NEGATIVE | The MACD value suggests BNKE.MI has a negative trend. |
| Stochastics (14,3) | 12.9 | OVERSOLD | The low Stochastics value suggests BNKE.MI may be oversold. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for BNKE.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 11.62 | 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 |
|---|---|---|---|
| 241.17 | 235.93 | 5.24 (2.17%) | 25.00% |
| An entry @241.17. This is a Buy Stop order right above the 10 day moving average. | An exit @235.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.24 points, which is 2.17%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of BNKE. 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:BNKE (6/20/2025, 7:00:00 PM)
237.8
+1.85 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.78%
1 Week-1.82%
2 Weeks-1.29%
1 Month-2.96%
3 Month5.57%
6 Month47.92%
12 Month41.72%
2 Year105.6%
3 Year190.96%
5 Year303.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.16
ATR(20)%1.83%
ATR Inc2.16%
Range Today2.2
ADR(20)3.67
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.01
Mansfield2.19
10 Day High246.75
10 Day Low235.85
20 Day High246.8
20 Day Low233.25
52 Week High246.8
52 Week Low144.6
CS1 End237.79
CR1 Start241.16
Volume & EV
DER(3)0%
DER(5)0%
Volume11.69K
Volume Incr2.99%
Vol(5)10.54K
Vol(50)14.76K