INVESCO S&P 500 EUR HDG ACC (E500.MI) Stock Technical Analysis
BIT:E500 - Euronext Milan - IE00BRKWGL70 - ETF - Currency: EUR
We assign a technical rating of 8 out of 10 to E500. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, E500 is showing a nice and steady performance.
Warning: E500 has an average volume of 22452 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that E500 is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by E500 over the past year are nicely spread over this period.
E500 is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so E500 is performing more or less in line with the market.
E500 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, E500 also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
38.37
47.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 44.96 to 45.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.54 from a trend line in the weekly time frame.
- A support zone ranging from 40.21 to 40.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 38.76 to 39.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.05 to 47.40. 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 E500.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for E500.MI is up. |
| ChartMill Relative Strength | 76.12 | POSITIVE | E500.MI has a high relative strength, it outperformed 76.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of E500.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of E500.MI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of E500.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.85 | NEUTRAL | The RSI value for E500.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests E500.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.43 | OVERBOUGHT | The high Stochastics value suggests E500.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for E500.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.33 | NEUTRAL | The ADX value for E500.MI suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 45.86 | 44.95 | 0.91 (1.98%) | 25.00% |
| An entry @45.86. This is a Buy Stop order right above the 10 day high. | An exit @44.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.91 points, which is 1.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- The distance between exit and entry is rather small compared to the average daily movement of E500. 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:E500 (5/30/2025, 7:00:00 PM)
45.62
-0.03 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.05%
1 Week0.04%
2 Weeks7.13%
1 Month18.66%
3 Month-1.74%
6 Month1.33%
12 Month28.38%
2 Year37.7%
3 Year38.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%2.19%
ATR Inc-61.15%
Range Today0.13
ADR(20)0.44
ADR(20)%0.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.12
Mansfield-0.05
10 Day High45.85
10 Day Low43.41
20 Day High45.85
20 Day Low38.28
52 Week High47.53
52 Week Low35.41
CS1 End45.23
CR1 Start47.05
Volume & EV
DER(3)0%
DER(5)0%
Volume1.24K
Volume Incr-96.31%
Vol(5)1.29K
Vol(50)22.45K