ISHARES MSCI MEX CAPPED USD (CSMXCP.MI) Stock Technical Analysis
BIT:CSMXCP - Euronext Milan - IE00B5WHFQ43 - ETF - Currency: EUR
Taking everything into account, CSMXCP scores 7 out of 10 in our technical rating. In the last year, CSMXCP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CSMXCP has an excellent technical rating and 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 very little resistance above the current price. There is a support zone below the current price at 143.71, a Stop Loss order could be placed below this zone.
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118.37
We found 3 important support areas.
- A support zone ranging from 141.41 to 143.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @124.15 from a trend line in the daily time frame.
- Support @119.57 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @144.66 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 148.00 to 149.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 CSMXCP.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSMXCP.MI is up. |
| ChartMill Relative Strength | 51.52 | NEUTRAL | CSMXCP.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSMXCP.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSMXCP.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 58.36 | NEUTRAL | The RSI value for CSMXCP.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.56 | POSITIVE | The MACD value suggests CSMXCP.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.93 | OVERBOUGHT | The high Stochastics value suggests CSMXCP.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for CSMXCP.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for CSMXCP.MI suggests a weak or negative 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 |
|---|---|---|---|
| 144.67 | 141.40 | 3.27 (2.26%) | 25.00% |
| An entry @144.67. This is a Buy Stop order right above the resistance zone. | An exit @141.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.27 points, which is 2.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- The distance between exit and entry is rather small compared to the average daily movement of CSMXCP. Please evaluate whether better entry and exit points can be found.
- 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:CSMXCP (8/1/2025, 7:00:00 PM)
143.72
-3.01 (-2.05%)