BIT:MONC - Euronext Milan - IT0004965148 - Common Stock - Currency: EUR
We assign a technical rating of 0 out of 10 to MONC. MONC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MONC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 49.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.34, a Stop Loss order could be placed below this zone.
45.83
When analyzing the support we notice one important area.
We can see 3 important resistance areas.
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 | DOWN | NEGATIVE | The short term trend for MONC.MI is down. |
ChartMill Relative Strength | 15.45 | NEGATIVE | MONC.MI has a low relative strength, it was outperformed by 84.55% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MONC.MI is below a declining 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) | DOWN | NEGATIVE | The current price of MONC.MI is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 35.59 | NEUTRAL | The RSI value for MONC.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests MONC.MI has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 12.29 | OVERSOLD | The low Stochastics value suggests MONC.MI may be oversold. |
Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for MONC.MI suggests some volalility. |
Average Directional Index/ADX (14) | 23.55 | NEUTRAL | The ADX value for MONC.MI suggests a possible start of a new trend. |
BIT:MONC (8/7/2025, 4:05:20 PM)
46.97
+0.32 (+0.69%)