INVESCO EUR GOV BOND 3-5 (EIB5.MI) Stock Technical Analysis
BIT:EIB5 - Euronext Milan - IE00BGJWWV33 - ETF - Currency: EUR
Overall EIB5 gets a technical rating of 5 out of 10. EIB5 has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, EIB5 does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 36.63, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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 36.63. 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 36.73 to 36.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 | MIXED | The current price of EIB5.MI is below 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) | 50.8 | NEUTRAL | The RSI value for EIB5.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EIB5.MI has a negative trend. |
| Stochastics (14,3) | 65.5 | NEUTRAL | The Stochastics value for EIB5.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for EIB5.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 11.45 | NEGATIVE | The low ADX value for EIB5.MI suggests a weak or negative trend. |
BIT:EIB5 (7/9/2025, 7:00:00 PM)
36.715
+0.03 (+0.08%)