BIT:C40 - Euronext Milan - LU1681046931 - ETF - Currency: EUR
Overall C40 gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, C40 is showing a nice and steady performance.
C40 has an excellent technical rating, but the quality of the setup is only medium 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.
115.76
When analyzing the support we can see 4 important areas.
We found 1 important resistance 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 | 85.4 | POSITIVE | C40.MI has a high relative strength, it outperformed 85.4% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of C40.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of C40.MI is above the rising SMA(50). |
Relative Strength Index/RSI (14) | 60.34 | NEUTRAL | The RSI value for C40.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 1 | POSITIVE | The MACD value suggests C40.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 95.78 | OVERBOUGHT | The high Stochastics value suggests C40.MI may be overbought. |
Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for C40.MI suggests some volalility. |
Average Directional Index/ADX (14) | 21.92 | NEUTRAL | The ADX value for C40.MI suggests a possible start of a new trend. |
BIT:C40 (5/28/2025, 7:00:00 PM)
137.14
-1.92 (-1.38%)