ISHARES EURO GOVT BOND 1-3Y (CSBGE3.MI) Stock Technical Analysis
BIT:CSBGE3 - Euronext Milan - IE00B3VTMJ91 - ETF - Currency: EUR
Overall CSBGE3 gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CSBGE3 is only an average performer.
Besides having an excellent technical rating, CSBGE3 also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 114.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 114.66, a Stop Loss order could be placed below this zone.
More info and screens
104.76
We found 2 important support areas.
- A support zone ranging from 110.22 to 114.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 105.82 to 106.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 114.83 to 115.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 |
|---|---|---|---|
| 114.97 | 114.54 | 0.43 (0.37%) | 25.00% |
| An entry @114.97. This is a Buy Stop order right above the 10 day high. | An exit @114.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.43 points, which is 0.37%. | For a 0.09% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:CSBGE3 (5/5/2025, 7:00:00 PM)
114.74
-0.09 (-0.08%)