WT ALUMINIUM - EUR DLY HDG (EALU.MI) Stock Technical Analysis
BIT:EALU - Euronext Milan - JE00B6VG2P72 - ETF - Currency: EUR
Taking everything into account, EALU scores 4 out of 10 in our technical rating. In the last year, EALU was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, EALU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.54, a Stop Loss order could be placed below this zone.
More info and screens
5.44
We found 1 important support area.
- A support zone ranging from 5.49 to 5.54. 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 6.34 to 6.43. 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 EALU.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EALU.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | EALU.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EALU.MI is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 47.24 | NEUTRAL | The RSI value for EALU.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests EALU.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.43 | NEUTRAL | The Stochastics value for EALU.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for EALU.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.11 | NEGATIVE | The low ADX value for EALU.MI suggests a weak or negative trend. |
BIT:EALU (5/21/2025, 7:00:00 PM)
5.845
-0.03 (-0.58%)