AMUNDI PRI EUR GOVT UCITS DR (ETFGOV.MI) Stock Technical Analysis
BIT:ETFGOV - LU1931975152 - ETF
Taking everything into account, ETFGOV scores 5 out of 10 in our technical rating. ETFGOV 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, ETFGOV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.32, a Stop Loss order could be placed below this zone.
More info and screens
16.27
We found 2 important support areas.
- A support zone ranging from 16.89 to 17.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.51 to 17.94. 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 ETFGOV.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETFGOV.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ETFGOV.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 ETFGOV.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETFGOV.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.84 | NEUTRAL | The RSI value for ETFGOV.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ETFGOV.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.5 | NEUTRAL | The Stochastics value for ETFGOV.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for ETFGOV.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 7.48 | NEGATIVE | The low ADX value for ETFGOV.MI suggests a weak or negative trend. |
BIT:ETFGOV (9/8/2025, 7:00:00 PM)
17.37
+0.03 (+0.18%)