BIT:C40 - LU1681046931 - ETF
Overall C40 gets a technical rating of 7 out of 10. Although C40 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, C40 also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 134.15, a Stop Loss order could be placed below this zone.
115.76
5 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 C40.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for C40.MI is up. |
ChartMill Relative Strength | 57.09 | NEUTRAL | C40.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of C40.MI is below a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of C40.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of C40.MI is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 52.16 | NEUTRAL | The RSI value for C40.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests C40.MI has a negative trend. |
Stochastics (14,3) | 44.15 | NEUTRAL | The Stochastics value for C40.MI is a neutral value. |
Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for C40.MI suggests low volalility. |
Average Directional Index/ADX (14) | 14.95 | NEGATIVE | The low ADX value for C40.MI suggests a weak or negative trend. |
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 |
---|---|---|---|
136.18 | 133.95 | 2.23 (1.63%) | 25.00% |
An entry @136.18. This is a Buy Stop order right above the 10 day moving average. | An exit @133.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.23 points, which is 1.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
BIT:C40 (9/4/2025, 7:00:00 PM)
135.48
-0.38 (-0.28%)