BIT:CHM - Euronext Milan - LU1834983634 - ETF - Currency: EUR
We assign a technical rating of 3 out of 10 to CHM. CHM performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of CHM is bad and it also does not present a quality setup 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.
132.59
When analyzing the support we can see 2 important 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 | UP | POSITIVE | The long term trend for CHM.MI is up. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHM.MI is neutral. |
ChartMill Relative Strength | 0 | NEGATIVE | CHM.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHM.MI is below a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHM.MI is above the rising SMA(50). |
Relative Strength Index/RSI (14) | 50.01 | NEUTRAL | The RSI value for CHM.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.31 | NEGATIVE | The MACD value suggests CHM.MI has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 44.03 | NEUTRAL | The Stochastics value for CHM.MI is a neutral value. |
Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for CHM.MI suggests some volalility. |
Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for CHM.MI suggests a weak or negative trend. |
BIT:CHM (6/16/2025, 7:00:00 PM)
152.86
-1.86 (-1.2%)