GLOBAL X EURO INFRA DVLP ETF (BRIJ.MI) Stock Technical Analysis
BIT:BRIJ - Euronext Milan - IE000PS0J481 - ETF - Currency: EUR
We assign a technical rating of 3 out of 10 to BRIJ. BRIJ performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of BRIJ is bad and it also does not present a quality setup 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.
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17.00
When analyzing the support we notice one important area.
- A support zone ranging from 17.17 to 17.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 BRIJ.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRIJ.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BRIJ.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 69.29 | NEUTRAL | The RSI value for BRIJ.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests BRIJ.MI has a negative trend. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests BRIJ.MI may be overbought. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for BRIJ.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.45 | POSITIVE | The high ADX value value for BRIJ.MI suggests a strong trend. |
BIT:BRIJ (5/29/2025, 7:00:00 PM)
18.436
+0.15 (+0.81%)