BIT:ERNE - IE00BCRY6557 - ETF
Taking everything into account, ERNE scores 4 out of 10 in our technical rating. In the past year, ERNE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, ERNE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 101.43, a Stop Loss order could be placed below this zone.
99.27
We found 1 important support area.
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 | NEUTRAL | NEUTRAL | The long term trend for ERNE.MI is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERNE.MI is up. |
ChartMill Relative Strength | 33.98 | NEUTRAL | ERNE.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERNE.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERNE.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERNE.MI is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 63.6 | NEUTRAL | The RSI value for ERNE.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ERNE.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 71.14 | NEUTRAL | The Stochastics value for ERNE.MI is a neutral value. |
Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for ERNE.MI suggests low volalility. |
Average Directional Index/ADX (14) | 61.29 | POSITIVE | The high ADX value value for ERNE.MI suggests a strong trend. |
BIT:ERNE (9/11/2025, 7:00:00 PM)
101.47
0 (0%)