AM EUR CORP BOND 0-3 C (ECRP3.MI) Stock Technical Analysis
BIT:ECRP3 - Euronext Milan - LU2037748774 - ETF - Currency: EUR
We assign a technical rating of 7 out of 10 to ECRP3. Although ECRP3 is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: ECRP3 has an average volume of 16049 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!
ECRP3 is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, ECRP3 turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
In the last month ECRP3 has a been trading in a tight range between 53.23 and 53.58.
Although ECRP3 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
47.75
54.23
We found 2 important support areas.
- A support zone ranging from 52.00 to 53.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.23 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.54 to 53.69. 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 ECRP3.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECRP3.MI is up. |
| ChartMill Relative Strength | 40.29 | NEUTRAL | ECRP3.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECRP3.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECRP3.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECRP3.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.12 | OVERBOUGHT | The high RSI value suggests ECRP3.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ECRP3.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.13 | NEUTRAL | The Stochastics value for ECRP3.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for ECRP3.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 37.69 | POSITIVE | The high ADX value value for ECRP3.MI suggests a strong 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 |
|---|---|---|---|
| 53.59 | 53.39 | 0.20 (0.37%) | 25.00% |
| An entry @53.59. This is a Buy Stop order right above the 10 day high. | An exit @53.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.20 points, which is 0.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- 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:ECRP3 (7/18/2025, 7:00:00 PM)
53.53
+0.03 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.06%
1 Week0.11%
2 Weeks0.26%
1 Month0.45%
3 Month1.48%
6 Month2.08%
12 Month5.25%
2 Year9.28%
3 Year6.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.14%
ATR Inc20.2%
Range Today0.06
ADR(20)0.06
ADR(20)%0.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.29
Mansfield-0.62
10 Day High53.58
10 Day Low53.4
20 Day High53.58
20 Day Low53.23
52 Week High53.58
52 Week Low50.89
CS1 End53.48
CR1 Start53.54
Volume & EV
DER(3)0%
DER(5)0%
Volume19.95K
Volume Incr-40.68%
Vol(5)15.33K
Vol(50)16.05K