SPDR FTSE G ETF USD UHD DIST (CONV.MI) Stock Technical Analysis
BIT:CONV - Euronext Milan - IE00BNH72088 - ETF - Currency: EUR
Taking everything into account, CONV scores 5 out of 10 in our technical rating. In the last year, CONV was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Warning: CONV has an average volume of 5456 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month CONV has a been trading in the 42.73 - 46.61 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CONV turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
CONV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CONV is lagging the market slightly.
Although the technical rating is only medium, CONV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
41.63
49.45
When analyzing the support we can see 3 important areas.
- A support zone ranging from 44.03 to 44.48. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 42.75 to 43.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @42.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 48.96 to 48.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CONV.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CONV.MI is up. |
| ChartMill Relative Strength | 53.27 | NEUTRAL | CONV.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CONV.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CONV.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CONV.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for CONV.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests CONV.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.54 | OVERBOUGHT | The high Stochastics value suggests CONV.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for CONV.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 19.6 | NEGATIVE | The low ADX value for CONV.MI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:CONV (6/11/2025, 7:00:00 PM)
46.33
-0.14 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.3%
1 Week0.15%
2 Weeks1.71%
1 Month-0.02%
3 Month-3.8%
6 Month3.38%
12 Month10.17%
2 Year15.74%
3 Year21.74%
5 Year28.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%1.44%
ATR Inc-61.25%
Range Today0.19
ADR(20)0.41
ADR(20)%0.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.27
Mansfield-0.38
10 Day High46.61
10 Day Low45.46
20 Day High46.61
20 Day Low42.74
52 Week High49.13
52 Week Low41.25
CS1 End44.48
CR1 Start48.96
Volume & EV
DER(3)0%
DER(5)0%
Volume1.91K
Volume Incr-49.88%
Vol(5)4.05K
Vol(50)5.46K