AMUND CAC40 DX2SHRT (BX4.PA)

FR0010411884 - ETF

0.849  +0 (+0.25%)

Technical Rating and Analysis

7

Taking everything into account, BX4 scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, BX4 is a bad performer.

69% of all other stocks performed better in the past year than BX4.
The long and short term trends are both positive. This is looking good!
BX4 has an average volume of 10386600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BX4 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BX4 is lagging the market.
In the last month BX4 has a been trading in the 0.79 - 0.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
BX4 Weekly chart
BX4 Daily chart
Setup Rating and Analysis

8

BX4 has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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 0.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.85, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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Support and Resistance Analysis

0.71

1.02

We found 2 important support areas.

  • A support zone ranging from 0.80 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @0.72 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

  • A resistance zone ranging from 0.86 to 0.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @0.90 from a horizontal line in the weekly time frame.
  • Resistance @1.01 from a horizontal line in the weekly time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.17
Mansfield-0.99
10 Day High0.87
10 Day Low0.8
20 Day High0.87
20 Day Low0.79
52 Week High1.03
52 Week Low0.7
Performance
1 Week-2.83%
2 Weeks4.81%
1 Month0.21%
3 Month1.93%
6 Month17.2%
12 Month-1.9%
2 Year-44.07%
3 Year-43.5%
5 Year-74.38%
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)51.81
LBB0.79
UBB0.88

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
0.890.790.10 (11.17%)8.95%
An entry @0.89. This is a Buy Stop order right above the resistance zone.An exit @0.79. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.10 points, which is 11.17%.For a 1.00% total portfolio risk, you can invest 8.95% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

BX4 Daily chart

AMUND CAC40 DX2SHRT

EPA:BX4 (9/16/2024, 4:28:29 PM)

0.849

+0 (+0.25%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.25%
1 Week-2.83%
2 Weeks4.81%
1 Month0.21%
3 Month1.93%
6 Month17.2%
12 Month-1.9%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.02
ATR(20)%1.89%
ATR Inc
Range Today0
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.87
10 Day Low0.8
20 Day High0.87
20 Day Low0.79
52 Week High1.03
52 Week Low0.7
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume196.14K
Volume Incr43.13%
Vol(5)10.62M
Vol(50)10.39M