AMUNDI EUR CORPORATE BOND EX (CBEF.MI) Stock Technical Analysis
BIT:CBEF - Euronext Milan - LU1829218822 - ETF - Currency: EUR
Taking everything into account, CBEF scores 4 out of 10 in our technical rating. In the last year, CBEF was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, CBEF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 133.97, a Stop Loss order could be placed below this zone.
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127.97
We found 1 important support area.
- A support zone ranging from 129.26 to 133.97. 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 CBEF.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBEF.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CBEF.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBEF.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CBEF.MI is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 56.71 | NEUTRAL | The RSI value for CBEF.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests CBEF.MI has a negative trend. |
| Stochastics (14,3) | 90.18 | OVERBOUGHT | The high Stochastics value suggests CBEF.MI may be overbought. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for CBEF.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 17.33 | NEGATIVE | The low ADX value for CBEF.MI suggests a weak or negative trend. |
BIT:CBEF (5/22/2025, 7:00:00 PM)
134.33
-0.39 (-0.29%)