BIT:VNGA40 - Euronext Milan - IE00BMVB5M21 - ETF - Currency: EUR
Overall VNGA40 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, VNGA40 is only an average performer.
VNGA40 has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.55, a Stop Loss order could be placed below this zone.
26.24
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 | UP | POSITIVE | The long term trend for VNGA40.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VNGA40.MI is up. |
ChartMill Relative Strength | 45.72 | NEUTRAL | VNGA40.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VNGA40.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VNGA40.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VNGA40.MI is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 61.61 | NEUTRAL | The RSI value for VNGA40.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VNGA40.MI has a negative trend. |
Stochastics (14,3) | 76.85 | NEUTRAL | The Stochastics value for VNGA40.MI is a neutral value. |
Average True Range in percent/ATR (20) | 0.46 | LOW VOLATILITY | The low ATR as a percentage value for VNGA40.MI suggests low volalility. |
Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for VNGA40.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 |
---|---|---|---|
28.82 | 28.31 | 0.51 (1.77%) | 25.00% |
An entry @28.82. This is a Buy Stop order right above the resistance zone. | An exit @28.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.51 points, which is 1.77%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
BIT:VNGA40 (8/18/2025, 7:00:00 PM)
28.59
-0.05 (-0.19%)