BIT:C50 - Euronext Milan - LU1681047236 - ETF - Currency: EUR
Overall C50 gets a technical rating of 7 out of 10. Although C50 is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
C50 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.
115.02
We found 5 important support areas.
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 C50.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for C50.MI is up. |
ChartMill Relative Strength | 64.08 | NEUTRAL | C50.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of C50.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of C50.MI is above a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of C50.MI is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 58.02 | NEUTRAL | The RSI value for C50.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests C50.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 79.2 | NEUTRAL | The Stochastics value for C50.MI is a neutral value. |
Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for C50.MI suggests low volalility. |
Average Directional Index/ADX (14) | 15.51 | NEGATIVE | The low ADX value for C50.MI suggests a weak or negative trend. |
BIT:C50 (5/30/2025, 7:00:00 PM)
139.8
-0.4 (-0.29%)