Italy 40 (ITA40) Is Stuck Within Levels 18000 and 21000
Login

Italy 40 (ITA40) Is Stuck Within Levels 18000 and 21000

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:

Key Resistance Zones: 24000, 25000, 26000
Key Support Zones: 22000, 21000, 20000

Italy 40 (ITA40) Long-term Trend: Ranging
Italy 40 is in a sideways trend. The index is consolidating between levels 18000 and 21000. Each time the price tests the resistance zone; the index will fall and resume the sideways move. The index is trading in the middle of the price range.

ITA40 – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and 50-day SMA are sloping horizontally. It indicates that the sideways trend of the index. The market has risen to level 44 of the Relative Strength Index. It indicates that the price is in the downtrend zone and below the centerline 50.

Italy 40 (ITA40) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways move. The price bars are fluctuating in the middle of the horizontal channel. Today, price is trending toward the lower price level. The index is in a choppy price action.

ITA40 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 20% range of the daily stochastic. The market is in the oversold region. Buyers will emerge to push the price upward. The SMAs are also sloping sideways indicating the sideways trend.

General Outlook for Italy 40 (ITA40)
Italy 40 is not in a trending market. The index is strongly in a sideways trend. The price movement has no particular direction. The index is fluctuating within the price range of 18000 and 21000.



Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results




  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News