AMUNDI EUR CORPORATE BOND ES (ECRP.MI) Stock Technical Analysis
BIT:ECRP - Euronext Milan - LU1437018168 - ETF - Currency: EUR
We assign a technical rating of 7 out of 10 to ECRP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ECRP is only an average performer.
Warning: ECRP has an average volume of 7488 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by ECRP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When compared to the yearly performance of all other stocks, ECRP outperforms 43% of them, which is more or less in line with the market.
In the last month ECRP has a been trading in a tight range between 52.63 and 53.70.
Although ECRP has an excellent technical rating, the quality of the presented setup is not ideal 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
45.73
54.25
2 important support areas can be observed.
- A support zone ranging from 51.84 to 53.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.19 to 46.73. 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 53.71 to 53.71. 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 ECRP.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECRP.MI is up. |
| ChartMill Relative Strength | 43.03 | NEUTRAL | ECRP.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECRP.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECRP.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECRP.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.34 | OVERBOUGHT | The high RSI value suggests ECRP.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ECRP.MI has a positive trend. |
| Stochastics (14,3) | 91.8 | OVERBOUGHT | The high Stochastics value suggests ECRP.MI may be overbought. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for ECRP.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for ECRP.MI suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.72 | 53.03 | 0.69 (1.28%) | 25.00% |
| An entry @53.72. This is a Buy Stop order right above the resistance zone. | An exit @53.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.69 points, which is 1.28%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:ECRP (7/21/2025, 7:00:00 PM)
53.7
+0.12 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.22%
1 Week0.56%
2 Weeks1.24%
1 Month2.46%
3 Month1.49%
6 Month3.59%
12 Month7.25%
2 Year11.76%
3 Year9.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.27%
ATR Inc8.29%
Range Today0.07
ADR(20)0.1
ADR(20)%0.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.03
Mansfield-0.7
10 Day High53.7
10 Day Low53.04
20 Day High53.7
20 Day Low52.63
52 Week High53.7
52 Week Low49.83
CS1 End53.41
CR1 Start53.71
Volume & EV
DER(3)0%
DER(5)0%
Volume3.56K
Volume Incr102.75%
Vol(5)9.42K
Vol(50)7.49K