BIT:SHEMB - Euronext Milan - LU1645385839 - ETF - Currency: EUR
Taking everything into account, SHEMB scores 1 out of 10 in our technical rating. In the last year, SHEMB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of SHEMB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
9.35
We found 1 important support area.
We can see 2 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 | UP | POSITIVE | The long term trend for SHEMB.MI is up. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHEMB.MI is down. |
ChartMill Relative Strength | 0 | NEGATIVE | SHEMB.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 SHEMB.MI is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHEMB.MI is below a declining SMA(50). |
Relative Strength Index/RSI (14) | 30.9 | NEUTRAL | The RSI value for SHEMB.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SHEMB.MI has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 3.48 | OVERSOLD | The low Stochastics value suggests SHEMB.MI may be oversold. |
Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for SHEMB.MI suggests low volalility. |
Average Directional Index/ADX (14) | 23.97 | NEUTRAL | The ADX value for SHEMB.MI suggests a possible start of a new trend. |
BIT:SHEMB (6/24/2025, 7:00:00 PM)
9.452
-0.08 (-0.85%)