AMUNDI EURO GOV TILT GRN BON (CB3.MI) Stock Technical Analysis
BIT:CB3 - Euronext Milan - LU1681046261 - ETF - Currency: EUR
Taking everything into account, CB3 scores 5 out of 10 in our technical rating. In the last year, CB3 was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, CB3 does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 220.19, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
209.30
We found 1 important support area.
- A support zone ranging from 211.41 to 220.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 220.41 to 224.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 CB3.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CB3.MI is neutral. |
| ChartMill Relative Strength | 43.54 | NEUTRAL | CB3.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CB3.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CB3.MI is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 50.18 | NEUTRAL | The RSI value for CB3.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CB3.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.18 | NEUTRAL | The Stochastics value for CB3.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.39 | LOW VOLATILITY | The low ATR as a percentage value for CB3.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 9.8 | NEGATIVE | The low ADX value for CB3.MI suggests a weak or negative trend. |
BIT:CB3 (8/1/2025, 2:44:48 PM)
220.37
+0.24 (+0.11%)