ISHARES EURO COVERED BOND (ICOV.MI) Stock Technical Analysis
BIT:ICOV - IE00B3B8Q275 - ETF
We assign a technical rating of 4 out of 10 to ICOV. ICOV 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.
ICOV has only a medium technical rating, but it does show 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 support zone below the current price at 142.46, a Stop Loss order could be placed below this zone.
More info and screens
132.39
2 important support areas can be observed.
- A support zone ranging from 138.24 to 142.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 133.73 to 133.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 142.49 to 143.69. 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 ICOV.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICOV.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ICOV.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 ICOV.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ICOV.MI is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 53.38 | NEUTRAL | The RSI value for ICOV.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ICOV.MI has a negative trend. |
| Stochastics (14,3) | 50.89 | NEUTRAL | The Stochastics value for ICOV.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for ICOV.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 12.87 | NEGATIVE | The low ADX value for ICOV.MI suggests a weak or negative trend. |
BIT:ICOV (9/1/2025, 7:00:00 PM)
142.47
+0.25 (+0.18%)