AMUN EURO GOV BD - UCITS ETF (EGOV.MI) Stock Technical Analysis
BIT:EGOV - Euronext Milan - LU1437018598 - ETF - Currency: EUR
We assign a technical rating of 7 out of 10 to EGOV. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EGOV is only an average performer.
Warning: EGOV has an average volume of 14928 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
EGOV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EGOV is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, EGOV outperforms 56% of them, which is more or less in line with the market.
In the last month EGOV has a been trading in a tight range between 48.88 and 49.74.
EGOV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 49.52, a Stop Loss order could be placed below this zone.
More info and screens
46.81
50.63
We found 1 important support area.
- A support zone ranging from 47.28 to 49.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.13 to 50.13. 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 EGOV.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGOV.MI is up. |
| ChartMill Relative Strength | 56.28 | NEUTRAL | EGOV.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGOV.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EGOV.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGOV.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.56 | NEUTRAL | The RSI value for EGOV.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EGOV.MI has a positive trend. |
| Stochastics (14,3) | 81.87 | OVERBOUGHT | The high Stochastics value suggests EGOV.MI may be overbought. |
| Average True Range in percent/ATR (20) | 0.46 | LOW VOLATILITY | The low ATR as a percentage value for EGOV.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 13.92 | NEGATIVE | The low ADX value for EGOV.MI suggests a weak or negative 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 |
|---|---|---|---|
| 49.67 | 48.88 | 0.79 (1.59%) | 25.00% |
| An entry @49.66. This is a Buy Stop order right above the 10 day high. | An exit @48.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.79 points, which is 1.59%. | For a 0.40% 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:EGOV (6/2/2025, 7:00:00 PM)
49.59
-0.06 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.13%
1 Week0.92%
2 Weeks1.13%
1 Month0.6%
3 Month2.84%
6 Month0.16%
12 Month4.1%
2 Year7.65%
3 Year-11.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.46%
ATR Inc-29.9%
Range Today0.17
ADR(20)0.19
ADR(20)%0.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.28
Mansfield-0.28
10 Day High49.66
10 Day Low48.89
20 Day High49.74
20 Day Low48.89
52 Week High50.18
52 Week Low46.93
CS1 End49.52
CR1 Start50.13
Volume & EV
DER(3)0%
DER(5)0%
Volume26.90K
Volume Incr9.12%
Vol(5)9.81K
Vol(50)14.93K