AM CR GLOBAL GOV BND ETF ACC (GGOV.MI) Stock Technical Analysis
Europe - BIT:GGOV - LU1437016204 - ETF
Overall GGOV gets a technical rating of 1 out of 10. GGOV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, GGOV 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 45.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.06, a Stop Loss order could be placed below this zone.
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44.06
When analyzing the support we notice one important area.
- A support zone ranging from 44.50 to 45.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 45.21 to 46.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @47.23 from a horizontal line in the daily time frame.
- A resistance zone ranging from 48.33 to 48.51. 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 | DOWN | NEGATIVE | The long term trend for GGOV.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GGOV.MI is neutral. |
| ChartMill Relative Strength | 28.16 | NEGATIVE | GGOV.MI has a low relative strength, it was outperformed by 71.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGOV.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GGOV.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GGOV.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.29 | NEUTRAL | The RSI value for GGOV.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GGOV.MI has a positive trend. |
| Stochastics (14,3) | 59.89 | NEUTRAL | The Stochastics value for GGOV.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for GGOV.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 12.25 | NEGATIVE | The low ADX value for GGOV.MI suggests a weak or negative trend. |
BIT:GGOV (9/8/2025, 7:00:00 PM)
45.2
+0.03 (+0.07%)