AZIENDA BRESCIANA PETROLI NO (ABP.MI) Stock Technical Analysis
BIT:ABP • IT0005439861
We assign a technical rating of 7 out of 10 to ABP. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ABP is a bad performer.
- When comparing the yearly performance of all stocks, ABP is a bad performer in the overall market: 100% of all stocks are doing better.
- ABP is one of the lesser performing stocks in the Commercial Services & Supplies industry. 92% of 41 stocks in the same industry do better.
- Warning: ABP has an average volume of 16810 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- ABP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABP is lagging the market slightly.
- ABP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, ABP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 7.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.79, a Stop Loss order could be placed below this zone.
More info and screens
5.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.79 to 6.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.52 from a trend line in the daily time frame.
- Support @5.26 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.05 to 7.21. 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 ABP.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABP.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ABP.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABP.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABP.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 58.33 | NEUTRAL | The RSI value for ABP.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ABP.MI has a negative trend. |
| Stochastics (14,3) | 48.15 | NEUTRAL | The Stochastics value for ABP.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for ABP.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.82 | POSITIVE | The high ADX value value for ABP.MI suggests a strong trend. |
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 |
|---|---|---|---|
| 7.22 | 6.78 | 0.44 (6.09%) | 16.41% |
| An entry @7.22. This is a Buy Stop order right above the resistance zone. | An exit @6.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 6.09%. | When investing 16.41% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:ABP (2/17/2026, 7:00:00 PM)
6.8
-0.15 (-2.16%)
AZIENDA BRESCIANA PETROLI NO / ABP.MI FAQ
What is the technical rating for ABP stock?
ChartMill assigns a technical rating of 7 / 10 to ABP.MI.
What is the current trend direction of AZIENDA BRESCIANA PETROLI NO (ABP.MI) stock?
The current trend direction for AZIENDA BRESCIANA PETROLI NO (ABP.MI) is Bullish.
What is the RSI signal for AZIENDA BRESCIANA PETROLI NO (ABP.MI) stock?
AZIENDA BRESCIANA PETROLI NO (ABP.MI) has an RSI value of 58.3255. This indicates that the stock is currently neutral.
Can you provide the short term momentum for AZIENDA BRESCIANA PETROLI NO?
The short term momentum for AZIENDA BRESCIANA PETROLI NO (ABP.MI) is positive.
Can you provide the support and resistance levels for AZIENDA BRESCIANA PETROLI NO?
AZIENDA BRESCIANA PETROLI NO (ABP.MI) has a support level at 6.79 and a resistance level at 7.05. Check the full technical report for our detailed analysis of ABP.MI support and resistance levels.