EPA:CNY - Euronext Paris - Matif - IE00B44T3H88 - ETF - Currency: EUR
We assign a technical rating of 9 out of 10 to CNY. In the last year, CNY was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, CNY also presents a decent setup pattern. 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 a support zone below the current price at 6.89, a Stop Loss order could be placed below this zone.
5.32
4 important support areas can be observed.
We can see 2 important resistance areas.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
7.16 | 6.94 | 0.22 (3.04%) | 25.00% |
An entry @7.16. This is a Buy Stop order right above the resistance zone. | An exit @6.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 3.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
EPA:CNY (3/27/2025, 7:00:00 PM)
7.112
+0.1 (+1.44%)