BIT:CITE - Euronext Milan - LU2265794946 - ETF - Currency: EUR
Taking everything into account, CITE scores 7 out of 10 in our technical rating. Although CITE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although CITE has an excellent technical rating, it does not present a decent entry opportunity 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.
5.09
2 important support areas can be observed.
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 CITE.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CITE.MI is up. |
ChartMill Relative Strength | 0 | NEGATIVE | CITE.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 CITE.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CITE.MI is above the rising SMA(50). |
Relative Strength Index/RSI (14) | 55.93 | NEUTRAL | The RSI value for CITE.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CITE.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 89.53 | OVERBOUGHT | The high Stochastics value suggests CITE.MI may be overbought. |
Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CITE.MI suggests some volalility. |
Average Directional Index/ADX (14) | 16.51 | NEGATIVE | The low ADX value for CITE.MI suggests a weak or negative trend. |
BIT:CITE (5/26/2025, 7:00:00 PM)
6.011
-0.22 (-3.59%)