BIT:WGLD - Euronext Milan - JE00BN2CJ301 - ETF - Currency: EUR
Overall WGLD gets a technical rating of 4 out of 10. In the last year, WGLD was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, WGLD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 287.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 285.09, a Stop Loss order could be placed below this zone.
269.23
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 WGLD.MI is up. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WGLD.MI is neutral. |
ChartMill Relative Strength | 67.45 | NEUTRAL | WGLD.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WGLD.MI is above a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WGLD.MI is below a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WGLD.MI is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 50.95 | NEUTRAL | The RSI value for WGLD.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests WGLD.MI has a positive trend. |
Stochastics (14,3) | 77.42 | NEUTRAL | The Stochastics value for WGLD.MI is a neutral value. |
Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for WGLD.MI suggests low volalility. |
Average Directional Index/ADX (14) | 10.75 | NEGATIVE | The low ADX value for WGLD.MI suggests a weak or negative trend. |
BIT:WGLD (7/18/2025, 7:00:00 PM)
286.08
-0.08 (-0.03%)