AMUNDI STX600 BASIC RSRCES (BRES.MI) Stock Technical Analysis
BIT:BRES - Euronext Milan - LU1834983550 - ETF - Currency: EUR
We assign a technical rating of 0 out of 10 to BRES. BRES scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
72% of all other stocks performed better in the past year than BRES.
Warning: BRES has an average volume of 12199 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BRES is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BRES is lagging the market slightly.
In the last month BRES has a been trading in the 67.35 - 88.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BRES does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
70.82
100.96
When analyzing the support we can see 2 important areas.
- Support @73.76 from a trend line in the weekly time frame.
- Support @71.54 from a horizontal line in the weekly time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 81.17 to 81.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 83.49 to 84.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @87.01 from a trend line in the weekly time frame.
- A resistance zone ranging from 89.95 to 90.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @94.53 from a trend line in the weekly time frame.
- A resistance zone ranging from 99.12 to 99.96. 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 | DOWN | NEGATIVE | The long term trend for BRES.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRES.MI is neutral. |
| ChartMill Relative Strength | 28.62 | NEGATIVE | BRES.MI has a low relative strength, it was outperformed by 71.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BRES.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRES.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BRES.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.09 | NEUTRAL | The RSI value for BRES.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests BRES.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.6 | OVERBOUGHT | The high Stochastics value suggests BRES.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for BRES.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.13 | NEGATIVE | The low ADX value for BRES.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:BRES (5/23/2025, 7:00:00 PM)
80.82
-0.78 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.96%
1 Week5.26%
2 Weeks14.38%
1 Month-5.57%
3 Month-2.58%
6 Month-17.8%
12 Month-11.47%
2 Year-5.13%
3 Year-14.76%
5 Year43.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.05
ATR(20)%3.71%
ATR Inc-53.44%
Range Today1.92
ADR(20)1.66
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.62
Mansfield-1.7
10 Day High83.07
10 Day Low69.69
20 Day High88.08
20 Day Low67.35
52 Week High101.72
52 Week Low67.35
CS1 End73.76
CR1 Start81.17
Volume & EV
DER(3)0%
DER(5)0%
Volume12.00K
Volume Incr-63.03%
Vol(5)8.70K
Vol(50)12.20K