WT WTI CRUDE - EUR DLY HDG (ECRD.MI) Stock Technical Analysis
BIT:ECRD - Euronext Milan - JE00B44F1611 - ETF - Currency: EUR
Overall ECRD gets a technical rating of 0 out of 10. ECRD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
80% of all other stocks performed better in the past year than ECRD.
ECRD is currently trading in the lower part 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.
In the last month ECRD has a been trading in the 2.14 - 2.92 range, which is quite wide. It is currently trading near the lows of this range.
ECRD has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.08
2.98
We found 3 important support areas.
- Support @2.20 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.14 to 2.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.10 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.38 to 2.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.75 to 2.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.89 from a horizontal line in the daily time frame.
- Resistance @2.95 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 | DOWN | NEGATIVE | The long term trend for ECRD.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ECRD.MI is down. |
| ChartMill Relative Strength | 20.75 | NEGATIVE | ECRD.MI has a low relative strength, it was outperformed by 79.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ECRD.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ECRD.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ECRD.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.81 | NEUTRAL | The RSI value for ECRD.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ECRD.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.25 | NEUTRAL | The Stochastics value for ECRD.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ECRD.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.64 | 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 (5/19/2025, 7:00:00 PM)
2.369
+0.05 (+1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.94%
1 Week7.29%
2 Weeks-11.27%
1 Month-17.41%
3 Month-10.54%
6 Month-12.66%
12 Month-15.06%
2 Year4.34%
3 Year-12.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%3.62%
ATR Inc-39.93%
Range Today0.01
ADR(20)0.04
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.75
Mansfield-2.31
10 Day High2.47
10 Day Low2.14
20 Day High2.92
20 Day Low2.14
52 Week High3.52
52 Week Low2.04
CS1 End2.2
CR1 Start2.38
Volume & EV
DER(3)0%
DER(5)0%
Volume2.52K
Volume Incr13.4%
Vol(5)61.38K
Vol(50)78.07K