8TI Technical Analysis - STELLANTIS NV

Technical Rating and Analysis

Taking everything into account, 8TI scores 0 out of 10 in our technical rating. 8TI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

96% of all other stocks performed better in the past year than 8TI.

8TI is one of the lesser performing stocks in the Automobiles industry. 92% of 29 stocks in the same industry do better.

8TI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month 8TI has a been trading in the 7.42 - 8.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, 8TI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.71, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.40

8.91

2 important support areas can be observed.

A support zone ranging from 7.60 to 7.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.47 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 8.03 to 8.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 8.60 to 8.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @8.82 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for 8TI.DE is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for 8TI.DE is neutral.
ChartMill Relative Strength	4.33	NEGATIVE	8TI.DE has a low relative strength, it was outperformed by 95.67% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of 8TI.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 8TI.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of 8TI.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.31	NEUTRAL	The RSI value for 8TI.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests 8TI.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	44.55	NEUTRAL	The Stochastics value for 8TI.DE is a neutral value.
Average True Range in percent/ATR (20)	3.75	MEDIUM VOLATILITY	The ATR as a percentage value for 8TI.DE suggests some volalility.
Average Directional Index/ADX (14)	12.74	NEGATIVE	The low ADX value for 8TI.DE suggests a weak or negative trend.