ISHARES FTSE MIB ACC (CSMIB.MI) Stock Technical Analysis
BIT:CSMIB - Euronext Milan - IE00B53L4X51 - ETF - Currency: EUR
Taking everything into account, CSMIB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CSMIB is showing a nice and steady performance.
Besides having an excellent technical rating, CSMIB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 191.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 187.61, a Stop Loss order could be placed below this zone.
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146.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 187.24 to 187.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @161.80 from a trend line in the weekly time frame.
- A support zone ranging from 151.82 to 155.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @148.16 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 191.17 to 192.83. 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 CSMIB.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSMIB.MI is up. |
| ChartMill Relative Strength | 77.63 | POSITIVE | CSMIB.MI has a high relative strength, it outperformed 77.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSMIB.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSMIB.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSMIB.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.59 | NEUTRAL | The RSI value for CSMIB.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests CSMIB.MI has a negative trend. |
| Stochastics (14,3) | 77.19 | NEUTRAL | The Stochastics value for CSMIB.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for CSMIB.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 23.39 | NEUTRAL | The ADX value for CSMIB.MI suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 192.84 | 187.23 | 5.61 (2.91%) | 25.00% |
| An entry @192.84. This is a Buy Stop order right above the resistance zone. | An exit @187.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.61 points, which is 2.91%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- 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:CSMIB (5/30/2025, 10:06:43 AM)
191.16
+0.9 (+0.47%)