BIT:VNGA20 - Euronext Milan - IE00BMVB5K07 - ETF - Currency: EUR
Overall VNGA20 gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VNGA20 is only an average performer.
Besides having an excellent technical rating, VNGA20 also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.93, a Stop Loss order could be placed below this zone.
22.91
When analyzing the support we can see 3 important 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 | UP | POSITIVE | The long term trend for VNGA20.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VNGA20.MI is up. |
ChartMill Relative Strength | 43.92 | NEUTRAL | VNGA20.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VNGA20.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VNGA20.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VNGA20.MI is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 61.31 | NEUTRAL | The RSI value for VNGA20.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VNGA20.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 88.68 | OVERBOUGHT | The high Stochastics value suggests VNGA20.MI may be overbought. |
Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for VNGA20.MI suggests low volalility. |
Average Directional Index/ADX (14) | 15.3 | NEGATIVE | The low ADX value for VNGA20.MI suggests a weak or negative 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 |
---|---|---|---|
25.03 | 24.72 | 0.32 (1.26%) | 25.00% |
An entry @25.03. This is a Buy Stop order right above the resistance zone. | An exit @24.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.32 points, which is 1.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
BIT:VNGA20 (8/20/2025, 7:00:00 PM)
24.935
-0.09 (-0.34%)