AZIENDA BRESCIANA PETROLI NO (ABP.MI) Stock Technical Analysis
Europe - BIT:ABP - IT0005439861 - Common Stock
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.
Although ABP has an excellent technical rating, it does not present a decent entry opportunity 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
5.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 6.75 to 6.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.14 to 6.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.28 to 5.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.11 from a trend line in the weekly time frame.
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 | POSITIVE | The current price of ABP.MI is above 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) | 69.75 | NEUTRAL | The RSI value for ABP.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ABP.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.6 | NEUTRAL | The Stochastics value for ABP.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ABP.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 36.97 | POSITIVE | The high ADX value value for ABP.MI suggests a strong trend. |
BIT:ABP (11/5/2025, 7:00:00 PM)
7.2
+0.15 (+2.13%)
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 trend direction for ABP 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 69.7519. This indicates that the stock is currently neutral.
What is the MACD signal for ABP stock?
The MACD indicator for AZIENDA BRESCIANA PETROLI NO (ABP.MI) has a value of 0.0485268, indicating a bearish trend.
What are the support and resistance levels for AZIENDA BRESCIANA PETROLI NO (ABP.MI) stock?
AZIENDA BRESCIANA PETROLI NO (ABP.MI) has a support level at 6.82. Check the full technical report for our detailed analysis of ABP.MI support and resistance levels.