Lyxor FTSE MIB UCITS ETF (ETFMI.MI) Stock Technical Analysis
BIT:ETFMI - Euronext Milan - FR0010010827
Overall ETFMI gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETFMI is showing a nice and steady performance.
Besides having an excellent technical rating, ETFMI also presents a decent setup pattern. 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 resistance zone just above the current price starting at 40.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.98, a Stop Loss order could be placed below this zone.
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31.98
We found 4 important support areas.
- A support zone ranging from 39.94 to 39.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.98 from a trend line in the weekly time frame.
- Support @33.43 from a horizontal line in the weekly time frame.
- A support zone ranging from 32.30 to 32.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.83 to 40.84. 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 ETFMI.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETFMI.MI is up. |
| ChartMill Relative Strength | 89.09 | POSITIVE | ETFMI.MI has a high relative strength, it outperformed 89.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETFMI.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETFMI.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETFMI.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.49 | NEUTRAL | The RSI value for ETFMI.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests ETFMI.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.48 | OVERBOUGHT | The high Stochastics value suggests ETFMI.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ETFMI.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 25 | NEUTRAL | The ADX value for ETFMI.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 |
|---|---|---|---|
| 40.85 | 39.93 | 0.92 (2.25%) | 25.00% |
| An entry @40.85. This is a Buy Stop order right above the resistance zone. | An exit @39.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.92 points, which is 2.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- The distance between exit and entry is rather small compared to the average daily movement of ETFMI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:ETFMI (6/20/2025, 1:48:19 PM)
40.09
-0.41 (-1.01%)