BIT:EGO - Euronext Milan - LU1974693662 - ETF - Currency: EUR
We assign a technical rating of 1 out of 10 to EGO. In the last year, EGO was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
EGO 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.
8.23
When analyzing the support we notice one important area.
When analyzing the resistance we notice 2 important areas.
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 EGO.MI is up. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGO.MI is down. |
ChartMill Relative Strength | 0 | NEGATIVE | EGO.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 EGO.MI is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGO.MI is below a declining SMA(50). |
Relative Strength Index/RSI (14) | 34.37 | NEUTRAL | The RSI value for EGO.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EGO.MI has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 8.12 | OVERSOLD | The low Stochastics value suggests EGO.MI may be oversold. |
Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for EGO.MI suggests low volalility. |
Average Directional Index/ADX (14) | 23.89 | NEUTRAL | The ADX value for EGO.MI suggests a possible start of a new trend. |
BIT:EGO (7/17/2025, 7:00:00 PM)
8.342
+0.03 (+0.31%)