WT WTI CRUDE - EUR DLY HDG (ECRD.MI) Stock Technical Analysis
BIT:ECRD - Euronext Milan - JE00B44F1611 - ETF - Currency: EUR
We assign a technical rating of 7 out of 10 to ECRD. ECRD has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ECRD has a been trading in the 2.14 - 2.90 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, ECRD turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
ECRD 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 ECRD is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ECRD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.08
2.98
We found 5 important support areas.
- A support zone ranging from 2.89 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.57 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.25 from a trend line in the weekly time frame.
- A support zone ranging from 2.15 to 2.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.92 to 2.95. 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 | NEUTRAL | NEUTRAL | The long term trend for ECRD.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECRD.MI is up. |
| ChartMill Relative Strength | 69.02 | NEUTRAL | ECRD.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECRD.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECRD.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECRD.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.72 | NEUTRAL | The RSI value for ECRD.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ECRD.MI has a positive trend. |
| Stochastics (14,3) | 96.06 | OVERBOUGHT | The high Stochastics value suggests ECRD.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ECRD.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.42 | NEGATIVE | The low ADX value for ECRD.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:ECRD (6/19/2025, 7:00:00 PM)
2.907
+0.12 (+4.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.46%
1 Week12.41%
2 Weeks28.91%
1 Month9.99%
3 Month14.07%
6 Month6.43%
12 Month3.18%
2 Year30.04%
3 Year-8.04%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%3.78%
ATR Inc2.06%
Range Today0.07
ADR(20)0.06
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.02
Mansfield-0.57
10 Day High2.91
10 Day Low2.31
20 Day High2.91
20 Day Low2.14
52 Week High3.52
52 Week Low2.04
CS1 End2.9
CR1 Start2.92
Volume & EV
DER(3)0%
DER(5)0%
Volume372.82K
Volume Incr341.09%
Vol(5)285.07K
Vol(50)95.41K