BIT:AFRN - Euronext Milan - LU1681041114 - ETF - Currency: EUR
Overall AFRN gets a technical rating of 7 out of 10. Although AFRN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AFRN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 109.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.09, a Stop Loss order could be placed below this zone.
107.33
We found 1 important support area.
When analyzing the resistance we notice one important area.
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 |
---|---|---|---|
109.20 | 108.84 | 0.36 (0.33%) | 25.00% |
An entry @109.20. This is a Buy Stop order right above the resistance zone. | An exit @108.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.36 points, which is 0.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.08%. |
BIT:AFRN (4/28/2025, 7:00:00 PM)
109.14
+0.05 (+0.05%)