BIT:CL2 - Euronext Milan - FR0010755611 - ETF - Currency: EUR
Taking everything into account, CL2 scores 5 out of 10 in our technical rating. CL2 has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
CL2 has an average technical rating and it also does not offer a high 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.
15.99
We found 4 important support areas.
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 | DOWN | NEGATIVE | The long term trend for CL2.MI is down. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CL2.MI is up. |
ChartMill Relative Strength | 64.03 | NEUTRAL | CL2.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CL2.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CL2.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CL2.MI is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 59.43 | NEUTRAL | The RSI value for CL2.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CL2.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 88.67 | OVERBOUGHT | The high Stochastics value suggests CL2.MI may be overbought. |
Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for CL2.MI suggests low volalility. |
Average Directional Index/ADX (14) | 9.81 | NEGATIVE | The low ADX value for CL2.MI suggests a weak or negative trend. |
BIT:CL2 (7/8/2025, 7:00:00 PM)
20.9
-0.04 (-0.19%)