AM EURO GOV BD 10-15Y-ETF A (MTE.PA) Stock Technical Analysis
EPA:MTE - Euronext Paris - Matif - LU1650489385 - ETF - Currency: EUR
Overall MTE gets a technical rating of 5 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MTE is a bad performer.
Although the technical rating is only medium, MTE 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 200.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 200.51, a Stop Loss order could be placed below this zone.
More info and screens
189.42
We found 2 important support areas.
- A support zone ranging from 195.35 to 200.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 191.33 to 192.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 200.67 to 205.69. 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 MTE.PA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTE.PA is neutral. |
| ChartMill Relative Strength | 38.87 | NEUTRAL | MTE.PA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTE.PA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTE.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTE.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.32 | NEUTRAL | The RSI value for MTE.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MTE.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.48 | NEUTRAL | The Stochastics value for MTE.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for MTE.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.14 | NEGATIVE | The low ADX value for MTE.PA suggests a weak or negative trend. |
EPA:MTE (7/4/2025, 7:00:00 PM)
200.63
+0.13 (+0.06%)