BIT:MTV - Euronext Milan - IT0001447785 - Common Stock - Currency: EUR
Taking everything into account, MTV scores 6 out of 10 in our technical rating. In the past year, MTV was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Although the technical rating is only medium, MTV does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.08, a Stop Loss order could be placed below this zone.
0.07
We found 2 important support areas.
When analyzing the resistance we notice one important area.
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 | NEUTRAL | NEUTRAL | The long term trend for MTV.MI is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTV.MI is up. |
ChartMill Relative Strength | 98.26 | POSITIVE | MTV.MI has a high relative strength, it outperformed 98.26% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MTV.MI is above a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTV.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTV.MI is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 57.37 | NEUTRAL | The RSI value for MTV.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MTV.MI has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 67.43 | NEUTRAL | The Stochastics value for MTV.MI is a neutral value. |
Average True Range in percent/ATR (20) | 7.92 | HIGH VOLATILITY | The high ATR as a percentage value for MTV.MI suggests high volalility. |
Average Directional Index/ADX (14) | 36.41 | POSITIVE | The high ADX value value for MTV.MI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
0.09 | 0.06 | 0.03 (30.00%) | 3.33% |
An entry @0.09. This is a Buy Stop order right above the resistance zone. | An exit @0.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 30.00%. | When investing 3.33% of your capital in this trade, your total portfolio risk will be 1.00%. |
BIT:MTV (7/23/2025, 7:00:00 PM)
0.0808
+0 (+0.25%)