Europe - BIT:EGO - LU1974693662 - ETF
Overall EGO gets a technical rating of 1 out of 10. 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.
Although the technical rating is bad, EGO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.32, a Stop Loss order could be placed below this zone.
8.15
We found 1 important support area.
2 important resistance areas can be observed.
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) | 44.4 | NEUTRAL | The RSI value for EGO.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EGO.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 23.43 | NEUTRAL | The Stochastics value for EGO.MI is a neutral value. |
Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for EGO.MI suggests low volalility. |
Average Directional Index/ADX (14) | 20.39 | NEUTRAL | The ADX value for EGO.MI suggests a possible start of a new trend. |
BIT:EGO (9/8/2025, 7:00:00 PM)
8.382
+0.01 (+0.07%)