BIT:SP20 - IE000VA628D5 - ETF
We assign a technical rating of 4 out of 10 to SP20. SP20 has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
SP20 has an average technical rating and it also does not offer a high 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.
4.35
We found 1 important support area.
We found 1 important resistance 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 | UP | POSITIVE | The long term trend for SP20.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SP20.MI is up. |
ChartMill Relative Strength | 0 | NEGATIVE | SP20.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SP20.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SP20.MI is above a declining SMA(50). |
Relative Strength Index/RSI (14) | 62.84 | NEUTRAL | The RSI value for SP20.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SP20.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 81.61 | OVERBOUGHT | The high Stochastics value suggests SP20.MI may be overbought. |
Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for SP20.MI suggests low volalility. |
Average Directional Index/ADX (14) | 20.99 | NEUTRAL | The ADX value for SP20.MI suggests a possible start of a new trend. |
BIT:SP20 (8/19/2025, 7:00:00 PM)
4.8295
-0.04 (-0.75%)