Europe - BIT:EM - IT0001237053 - Common Stock
We assign a technical rating of 6 out of 10 to EM. EM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, EM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 0.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EM in the last couple of days, which is a good sign.
0.85
2 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 EM.MI is up. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EM.MI is neutral. |
ChartMill Relative Strength | 54.19 | NEUTRAL | EM.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EM.MI is above a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EM.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EM.MI is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 50.11 | NEUTRAL | The RSI value for EM.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EM.MI has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 34.17 | NEUTRAL | The Stochastics value for EM.MI is a neutral value. |
Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for EM.MI suggests some volalility. |
Average Directional Index/ADX (14) | 21.29 | NEUTRAL | The ADX value for EM.MI suggests a possible start of a new trend. |
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 |
---|---|---|---|
1.04 | 0.96 | 0.08 (7.69%) | 13.00% |
An entry @1.04. This is a Buy Stop order right above the resistance zone. | An exit @0.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 7.69%. | For a 1.00% total portfolio risk, you can invest 13.00% of your capital in this trade. |
BIT:EM (10/23/2025, 5:20:02 PM)
1.017
+0.02 (+1.9%)