BIT:ERG - Euronext Milan - IT0001157020 - Common Stock - Currency: EUR
Taking everything into account, ERG scores 4 out of 10 in our technical rating. ERG 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, ERG does present a nice setup opportunity. 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 support zone below the current price at 18.86, a Stop Loss order could be placed below this zone.
18.40
We found 1 important support area.
When analyzing the resistance we notice 2 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for ERG.MI is neutral. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERG.MI is neutral. |
ChartMill Relative Strength | 22.75 | NEGATIVE | ERG.MI has a low relative strength, it was outperformed by 77.25% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of ERG.MI is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERG.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ERG.MI is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 48.17 | NEUTRAL | The RSI value for ERG.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ERG.MI has a negative trend. |
Stochastics (14,3) | 19.93 | OVERSOLD | The low Stochastics value suggests ERG.MI may be oversold. |
Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for ERG.MI suggests low volalility. |
Average Directional Index/ADX (14) | 19.02 | NEGATIVE | The low ADX value for ERG.MI suggests a weak or negative trend. |
BIT:ERG (8/14/2025, 12:02:52 PM)
19.04
+0.16 (+0.85%)