WT COTTON - EUR DAILY HEDGED (ECTN.MI) Stock Technical Analysis
BIT:ECTN - Euronext Milan - JE00B70DCH80 - ETF - Currency: EUR
We assign a technical rating of 3 out of 10 to ECTN. ECTN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of ECTN is bad and it also does not present a quality setup 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.
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7.70
When analyzing the support we notice one important area.
- A support zone ranging from 7.78 to 7.78. 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 ECTN.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECTN.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ECTN.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ECTN.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 42.92 | NEUTRAL | The RSI value for ECTN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests ECTN.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.06 | NEUTRAL | The Stochastics value for ECTN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ECTN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.39 | NEGATIVE | The low ADX value for ECTN.MI suggests a weak or negative trend. |
BIT:ECTN (7/11/2025, 7:00:00 PM)
7.934
-0.08 (-0.94%)