INDUSTRIA DE DISENO TEXTIL (1ITX.MI) Stock Technical Analysis
BIT:1ITX - Euronext Milan - ES0148396007 - Common Stock - Currency: EUR
Taking everything into account, 1ITX scores 2 out of 10 in our technical rating. In the last year, 1ITX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of 1ITX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
42.21
When analyzing the support we can see 2 important areas.
- Support @43.37 from a horizontal line in the daily time frame.
- A support zone ranging from 42.64 to 42.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 46.90 to 47.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 1ITX.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 1ITX.MI is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | 1ITX.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 1ITX.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 45.95 | NEUTRAL | The RSI value for 1ITX.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.08 | NEGATIVE | The MACD value suggests 1ITX.MI has a negative trend. |
| Stochastics (14,3) | 25.1 | NEUTRAL | The Stochastics value for 1ITX.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.11 | HIGH VOLATILITY | The high ATR as a percentage value for 1ITX.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.34 | POSITIVE | The high ADX value value for 1ITX.MI suggests a strong trend. |
BIT:1ITX (7/7/2025, 7:00:00 PM)
43.98
-2.91 (-6.21%)