INVESCO EUR GOV BOND 3-5 (EIB5.MI) Stock Technical Analysis
BIT:EIB5 - Euronext Milan - IE00BGJWWV33 - ETF - Currency: EUR
We assign a technical rating of 5 out of 10 to EIB5. In the last year, EIB5 was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
EIB5 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 36.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.77, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
35.19
We found 1 important support area.
- A support zone ranging from 35.55 to 36.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.94 to 36.94. 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 EIB5.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EIB5.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | EIB5.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EIB5.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EIB5.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.88 | NEUTRAL | The RSI value for EIB5.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EIB5.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.04 | OVERBOUGHT | The high Stochastics value suggests EIB5.MI may be overbought. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for EIB5.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 13.17 | NEGATIVE | The low ADX value for EIB5.MI suggests a weak or negative trend. |
BIT:EIB5 (5/19/2025, 7:00:00 PM)
36.86
-0.06 (-0.18%)