AM GLB GOV BND ETF EUR H DIS (GOVG.MI) Stock Technical Analysis
Europe - BIT:GOVG - LU2099289147 - ETF
Overall GOVG gets a technical rating of 3 out of 10. GOVG performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
GOVG has a bad technical rating, but it does show a decent setup pattern. 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 8.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.04, a Stop Loss order could be placed below this zone.
More info and screens
7.86
We found 1 important support area.
- A support zone ranging from 7.94 to 8.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.12 to 8.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 GOVG.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOVG.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | GOVG.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GOVG.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 34.29 | NEUTRAL | The RSI value for GOVG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests GOVG.MI has a negative trend. |
| Stochastics (14,3) | 33.09 | NEUTRAL | The Stochastics value for GOVG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for GOVG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 41.23 | POSITIVE | The high ADX value value for GOVG.MI suggests a strong trend. |
BIT:GOVG (9/9/2025, 7:00:00 PM)
8.108
+0.06 (+0.7%)