AMUNDI FIX MATU 28 EUGOV BND (MB28.MI) Stock Technical Analysis
BIT:MB28 - Euronext Milan - LU2780871401 - ETF - Currency: EUR
Overall MB28 gets a technical rating of 4 out of 10. In the last year, MB28 was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is only medium, MB28 does present a nice setup opportunity. 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 10.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.42, a Stop Loss order could be placed below this zone.
More info and screens
9.91
2 important support areas can be observed.
- A support zone ranging from 10.26 to 10.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.44 to 10.53. 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 MB28.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MB28.MI is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | MB28.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 MB28.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MB28.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 49.57 | NEUTRAL | The RSI value for MB28.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MB28.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.96 | NEUTRAL | The Stochastics value for MB28.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for MB28.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 17.84 | NEGATIVE | The low ADX value for MB28.MI suggests a weak or negative trend. |
BIT:MB28 (8/14/2025, 7:00:00 PM)
10.428
+0.01 (+0.1%)