BIT:MONC - Euronext Milan - IT0004965148 - Common Stock - Currency: EUR
Overall MONC gets a technical rating of 1 out of 10. MONC'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, MONC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 51.97. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MONC in the last couple of days, which is a good sign.
45.83
We found 1 important support area.
2 important resistance areas can be observed.
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 MONC.MI is down. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MONC.MI is neutral. |
ChartMill Relative Strength | 17.27 | NEGATIVE | MONC.MI has a low relative strength, it was outperformed by 82.73% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MONC.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MONC.MI is below a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | MIXED | The current price of MONC.MI is below the rising SMA(200). |
Relative Strength Index/RSI (14) | 48.69 | NEUTRAL | The RSI value for MONC.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests MONC.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 86.29 | OVERBOUGHT | The high Stochastics value suggests MONC.MI may be overbought. |
Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for MONC.MI suggests some volalility. |
Average Directional Index/ADX (14) | 21.45 | NEUTRAL | The ADX value for MONC.MI suggests a possible start of a new trend. |
BIT:MONC (7/11/2025, 7:00:00 PM)
51
-0.96 (-1.85%)