BIT:WGLD - Euronext Milan - JE00BN2CJ301 - ETF - Currency: EUR
We assign a technical rating of 10 out of 10 to WGLD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WGLD is showing a nice and steady performance.
Besides having an excellent technical rating, WGLD 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 very little resistance above the current price. There is a support zone below the current price at 278.57, a Stop Loss order could be placed below this zone.
262.90
When analyzing the support we can see 2 important areas.
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 |
---|---|---|---|
286.79 | 278.63 | 8.16 (2.85%) | 25.00% |
An entry @286.79. This is a Buy Stop order right above the 10 day moving average. | An exit @278.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.16 points, which is 2.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
BIT:WGLD (4/25/2025, 7:00:00 PM)
286.25
-4.75 (-1.63%)