BIT:VNGD40 - Euronext Milan - IE00BMVB5N38 - ETF - Currency: EUR
We assign a technical rating of 5 out of 10 to VNGD40. VNGD40 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.
Although the technical rating is only medium, VNGD40 does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 25.59, a Stop Loss order could be placed below this zone.
23.65
We found 2 important support areas.
2 important resistance areas can be observed.
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 VNGD40.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VNGD40.MI is up. |
ChartMill Relative Strength | 0 | NEGATIVE | VNGD40.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 VNGD40.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VNGD40.MI is above the rising SMA(50). |
Relative Strength Index/RSI (14) | 56.55 | NEUTRAL | The RSI value for VNGD40.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests VNGD40.MI has a positive trend. |
Stochastics (14,3) | 95.5 | OVERBOUGHT | The high Stochastics value suggests VNGD40.MI may be overbought. |
Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for VNGD40.MI suggests low volalility. |
Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for VNGD40.MI suggests a weak or negative trend. |
BIT:VNGD40 (8/11/2025, 7:00:00 PM)
25.635
+0.1 (+0.37%)