WT COPPER - EUR DAILY HEDGED (ECOP.MI) Stock Technical Analysis
BIT:ECOP - Euronext Milan - JE00B4PDKD43 - ETF - Currency: EUR
Overall ECOP gets a technical rating of 5 out of 10. In the last year, ECOP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Warning: ECOP has an average volume of 18456 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ECOP did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ECOP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ECOP is lagging the market slightly.
In the last month ECOP has a been trading in the 7.09 - 8.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ECOP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
6.71
8.87
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.28 to 7.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.04 from a trend line in the daily time frame.
- A support zone ranging from 6.78 to 6.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.54 to 8.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.78 from a horizontal line 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 ECOP.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECOP.MI is neutral. |
| ChartMill Relative Strength | 76.07 | POSITIVE | ECOP.MI has a high relative strength, it outperformed 76.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ECOP.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ECOP.MI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECOP.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.81 | NEUTRAL | The RSI value for ECOP.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ECOP.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.94 | NEUTRAL | The Stochastics value for ECOP.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for ECOP.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.59 | NEGATIVE | The low ADX value for ECOP.MI suggests a weak or negative 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)
BIT:ECOP (5/30/2025, 7:00:00 PM)
7.723
-0.03 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.41%
1 Week-0.68%
2 Weeks-1.1%
1 Month-5.03%
3 Month6.29%
6 Month4.78%
12 Month20.33%
2 Year22.47%
3 Year-0.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%2.58%
ATR Inc-2.55%
Range Today0.02
ADR(20)0.14
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.07
Mansfield-0.31
10 Day High8.04
10 Day Low7.58
20 Day High8.04
20 Day Low7.09
52 Week High8.9
52 Week Low6.31
CS1 End7.36
CR1 Start8.54
Volume & EV
DER(3)0%
DER(5)0%
Volume6.42K
Volume Incr-58.41%
Vol(5)11.16K
Vol(50)18.46K