ISHARES GLOBAL GOV BND-EURHD (IGLE.AS) Stock Technical Analysis
AMS:IGLE - Euronext Amsterdam - IE00BKT6FT27 - ETF - Currency: EUR
We assign a technical rating of 1 out of 10 to IGLE. IGLE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, IGLE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.06, a Stop Loss order could be placed below this zone.
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3.93
When analyzing the support we notice one important area.
- A support zone ranging from 3.97 to 4.06. 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 4.06 to 4.23. 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 | DOWN | NEGATIVE | The long term trend for IGLE.AS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGLE.AS is neutral. |
| ChartMill Relative Strength | 36.91 | NEUTRAL | IGLE.AS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IGLE.AS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IGLE.AS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IGLE.AS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.1 | NEUTRAL | The RSI value for IGLE.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IGLE.AS has a positive trend. |
| Stochastics (14,3) | 56.82 | NEUTRAL | The Stochastics value for IGLE.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for IGLE.AS suggests low volalility. |
| Average Directional Index/ADX (14) | 13.89 | NEGATIVE | The low ADX value for IGLE.AS suggests a weak or negative trend. |
AMS:IGLE (5/29/2025, 7:00:00 PM)
4.0595
+0.01 (+0.32%)