BIT:ECOM - Euronext Milan - IE00BF0M6N54 - ETF - Currency: EUR
Taking everything into account, ECOM scores 0 out of 10 in our technical rating. ECOM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
ECOM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.97, a Stop Loss order could be placed below this zone.
13.82
We found 2 important support areas.
When analyzing the resistance we notice 3 important areas.
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 | DOWN | NEGATIVE | The long term trend for ECOM.MI is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ECOM.MI is down. |
ChartMill Relative Strength | 34.87 | NEUTRAL | ECOM.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ECOM.MI is above a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ECOM.MI is below a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECOM.MI is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 47.71 | NEUTRAL | The RSI value for ECOM.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ECOM.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 77.71 | NEUTRAL | The Stochastics value for ECOM.MI is a neutral value. |
Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for ECOM.MI suggests some volalility. |
Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for ECOM.MI suggests a weak or negative trend. |
BIT:ECOM (6/2/2025, 7:00:00 PM)
15.278
-0.09 (-0.56%)