AMUNDI ETF GOVIES 0-6 MONTHS (C3M.MI) Stock Technical Analysis
BIT:C3M - Euronext Milan - FR0010754200 - ETF - Currency: EUR
Taking everything into account, C3M scores 7 out of 10 in our technical rating. Although C3M is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, C3M also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 124.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 123.92, a Stop Loss order could be placed below this zone.
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113.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 123.64 to 123.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @121.46 from a horizontal line in the daily time frame.
- A support zone ranging from 115.14 to 115.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 124.01 to 124.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 |
|---|---|---|---|
| 124.02 | 123.82 | 0.20 (0.16%) | 25.00% |
| An entry @124.02. This is a Buy Stop order right above the resistance zone. | An exit @123.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.20 points, which is 0.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.04%. |
- The distance between exit and entry is rather small compared to the average daily movement of C3M. 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:C3M (5/5/2025, 7:00:00 PM)
124
+0.06 (+0.05%)