BIT:CHINA - Euronext Milan - IE00BKFB6K94 - ETF - Currency: EUR
We assign a technical rating of 0 out of 10 to CHINA. CHINA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CHINA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 112.09. Right above this resistance zone may be a good entry point.
96.92
We found 4 important support areas.
We can see 2 important resistance areas.
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 | NEUTRAL | NEUTRAL | The long term trend for CHINA.MI is neutral. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHINA.MI is down. |
ChartMill Relative Strength | 33.58 | NEUTRAL | CHINA.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHINA.MI is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHINA.MI is below a declining SMA(50). |
Relative Strength Index/RSI (14) | 45.45 | NEUTRAL | The RSI value for CHINA.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests CHINA.MI has a positive trend. |
Stochastics (14,3) | 51.61 | NEUTRAL | The Stochastics value for CHINA.MI is a neutral value. |
Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for CHINA.MI suggests some volalility. |
Average Directional Index/ADX (14) | 10.76 | NEGATIVE | The low ADX value for CHINA.MI suggests a weak or negative trend. |
BIT:CHINA (5/30/2025, 7:00:00 PM)
110.69
-0.55 (-0.49%)