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MTA
Index
fx
ECNL.MI
MILAN
Aquafil
STAY SHORT
Close
2.5350
Prev.Close
2.5500
Change
-0.0150
Change%
-0.59%
BULLISH MATCHING LOW
Sold at
3.1880
Open
2.5600
High
2.6050
Low
2.5200
Close
2.5350
Gain%
-20.48%
Signal History
6 mo.
6 mo.
24 mo.
24 mo.
Date
Price
Signal
Change%
€100⇨
06-09
3.1880
SHORT
-20.5%
110
04-09
3.2350
BUY
-1.5%
112
31-08
3.2030
SHORT
+1.0%
113
29-08
3.2170
BUY
-0.4%
114
24-08
3.2700
SHORT
-1.6%
113
21-08
3.3670
BUY
-2.9%
116
02-08
3.6500
SELL
-7.8%
116
18-07
3.6500
BUY
0.0%
117
12-07
3.4750
SHORT
+5.0%
123
10-07
3.5350
BUY
-1.7%
126
16-06
4.0000
SHORT
-11.6%
113
07-06
3.9800
BUY
+0.5%
113
09-05
4.7950
SHORT
-17.0%
97
28-04
4.7500
BUY
+0.9%
96
26-04
4.7825
SHORT
-0.7%
96
24-04
4.8375
BUY
-1.1%
97
14-04
4.8800
SHORT
-0.9%
96
03-04
5.0350
BUY
-3.1%
100
† Trade commissions are taken as 0.15%.
Date
Price
Signal
Change%
€100⇨
06-09
3.1880
SHORT
-20.5%
195
04-09
3.2350
BUY
-1.5%
199
31-08
3.2030
SHORT
+1.0%
202
29-08
3.2170
BUY
-0.4%
203
24-08
3.2700
SHORT
-1.6%
200
21-08
3.3670
BUY
-2.9%
207
02-08
3.6500
SELL
-7.8%
207
18-07
3.6500
BUY
0.0%
208
12-07
3.4750
SHORT
+5.0%
219
10-07
3.5350
BUY
-1.7%
224
16-06
4.0000
SHORT
-11.6%
201
07-06
3.9800
BUY
+0.5%
201
09-05
4.7950
SHORT
-17.0%
172
28-04
4.7500
BUY
+0.9%
171
26-04
4.7825
SHORT
-0.7%
170
24-04
4.8375
BUY
-1.1%
173
14-04
4.8800
SHORT
-0.9%
172
03-04
5.0350
BUY
-3.1%
178
23-03
5.0100
SHORT
+0.5%
179
17-03
5.2900
BUY
-5.3%
190
20-02
5.8400
SHORT
-9.4%
174
15-02
5.9500
BUY
-1.8%
178
01-02
6.0000
SHORT
-0.8%
177
27-01
6.1200
BUY
-2.0%
181
25-01
6.1300
SELL
-0.2%
181
21-12
5.3900
BUY
+13.7%
160
16-12
5.5300
SHORT
-2.5%
156
13-12
5.6750
BUY
-2.6%
161
05-12
5.7900
SELL
-2.0%
161
24-11
5.9000
BUY
-1.9%
164
10-11
5.8850
SELL
+0.3%
164
14-10
5.0325
BUY
+16.9%
141
06-10
5.3500
SHORT
-5.9%
133
28-09
5.2450
BUY
+2.0%
131
15-09
6.0300
SHORT
-13.0%
116
07-09
6.0000
BUY
+0.5%
116
01-09
6.0700
SHORT
-1.2%
115
30-08
6.3000
BUY
-3.7%
120
17-08
6.3650
SELL
-1.0%
120
26-07
6.1600
BUY
+3.3%
116
20-07
6.0800
SHORT
+1.3%
118
15-07
6.2550
BUY
-2.8%
122
11-07
6.1900
SHORT
+1.1%
124
05-07
6.3200
BUY
-2.1%
127
28-06
6.6900
SHORT
-5.5%
120
17-06
6.4750
BUY
+3.3%
117
01-06
6.9000
SELL
-6.2%
117
27-05
6.8300
BUY
+1.0%
116
20-05
6.8100
SELL
+0.3%
116
11-05
5.6050
BUY
+21.5%
96
26-04
6.2300
SHORT
-10.0%
87
19-04
6.4500
BUY
-3.4%
91
01-04
6.5500
SELL
-1.5%
91
28-03
6.6250
BUY
-1.1%
92
24-03
6.6300
SELL
-0.1%
92
22-03
6.5600
BUY
+1.1%
91
03-03
6.2700
SHORT
+4.6%
96
25-02
6.5500
BUY
-4.3%
101
23-02
6.4400
SHORT
+1.7%
103
15-02
6.5450
BUY
-1.6%
105
03-02
7.3500
SELL
-11.0%
105
01-02
7.4300
BUY
-1.1%
106
24-01
7.2900
SHORT
+1.9%
108
20-01
7.5500
BUY
-3.4%
113
18-01
7.3800
SHORT
+2.3%
116
12-01
7.5350
BUY
-2.1%
118
07-01
7.7500
SELL
-2.8%
119
04-01
7.8050
BUY
-0.7%
120
13-12
7.7100
SELL
+1.2%
120
30-11
7.2900
BUY
+5.8%
114
24-11
7.4600
SHORT
-2.3%
111
22-11
7.6700
BUY
-2.7%
115
08-11
8.4300
SELL
-9.0%
115
01-11
7.8100
BUY
+7.9%
107
27-10
7.7900
SELL
+0.3%
107
25-10
7.9400
BUY
-1.9%
109
19-10
7.8100
SELL
+1.7%
109
12-10
7.1300
BUY
+9.5%
100
† Trade commissions are taken as 0.15%.
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to
STAY SHORT
. The previous
SHORT
signal was issued on 06-09-2023, 26 days ago, when the stock price was 3.1880. Since then
ECNL.MI
has fallen by
-20.48%
.
Bear market rallies may be vicious reversals, giving hard times to those holding short positions; so, it is better to be on alert despite the relative comfort provided by the current bearish trend. There is a bullish pattern to be confirmed, but the share price is still not above its confirmation level and the signal is suggesting to
STAY SHORT
; however, the chance of a bullish confirmation that will change the signal to
BUY
is quite high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis.
This pattern occurs when two black days appear with equal closes in a downtrend. Matching Low indicates a bottom has been made, even though the new low was tested and there was no follow through, which is indicative of a good support price.
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