SPDR FTSE G ETF USD UHD DIST (CONV.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:CONV - IE00BNH72088 - ETF
Overall CONV gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CONV is only an average performer.
Besides having an excellent technical rating, CONV also presents a decent setup pattern. 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 52.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.45, a Stop Loss order could be placed below this zone.
More info and screens
42.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 49.54 to 51.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.08 from a trend line in the weekly time frame.
- A support zone ranging from 42.56 to 42.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.12 to 52.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CONV.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CONV.MI is up. |
| ChartMill Relative Strength | 67.98 | NEUTRAL | CONV.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CONV.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CONV.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CONV.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.36 | NEUTRAL | The RSI value for CONV.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CONV.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.75 | NEUTRAL | The Stochastics value for CONV.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for CONV.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 23.3 | NEUTRAL | The ADX value for CONV.MI suggests a possible start of a new 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 |
|---|---|---|---|
| 52.42 | 50.16 | 2.26 (4.31%) | 23.19% |
| An entry @52.42. This is a Buy Stop order right above the resistance zone. | An exit @50.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.26 points, which is 4.31%. | For a 1.00% total portfolio risk, you can invest 23.19% 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.
BIT:CONV (12/8/2025, 7:00:00 PM)
51.83
+0.32 (+0.62%)
SPDR FTSE G ETF USD UHD DIST / CONV.MI FAQ
What is the ChartMill technical rating of SPDR FTSE G ETF USD UHD DIST (CONV.MI) stock?
ChartMill assigns a technical rating of 8 / 10 to CONV.MI.
What is the current trend direction of SPDR FTSE G ETF USD UHD DIST (CONV.MI) stock?
The current trend direction for SPDR FTSE G ETF USD UHD DIST (CONV.MI) is Bullish.
What is the RSI signal for SPDR FTSE G ETF USD UHD DIST (CONV.MI) stock?
SPDR FTSE G ETF USD UHD DIST (CONV.MI) has an RSI value of 58.3616. This indicates that the stock is currently neutral.
What is the short term momentum for CONV stock?
The short term momentum for SPDR FTSE G ETF USD UHD DIST (CONV.MI) is positive.
Can you provide the support and resistance levels for SPDR FTSE G ETF USD UHD DIST?
SPDR FTSE G ETF USD UHD DIST (CONV.MI) has a support level at 51.45 and a resistance level at 52.12. Check the full technical report for our detailed analysis of CONV.MI support and resistance levels.