ABITARE IN SPA (ABT.MI) Stock Technical Analysis
BIT:ABT - Euronext Milan - IT0005445280 - Common Stock - Currency: EUR
We assign a technical rating of 2 out of 10 to ABT. In the past year, ABT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
81% of all other stocks performed better in the past year than ABT.
ABT is one of the lesser performing stocks in the Household Durables industry. 62% of 33 stocks in the same industry do better.
ABT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABT is lagging the market.
Warning: ABT has an average volume of 18815 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
ABT 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.
The technical rating of ABT 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
2.88
4.48
2 important support areas can be observed.
- Support @3.23 from a trend line in the daily time frame.
- Support @2.91 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.25 to 3.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.19 from a trend line in the weekly time frame.
- Resistance @4.34 from a horizontal line in the daily time frame.
- Strong resistance @4.44 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for ABT.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABT.MI is neutral. |
| ChartMill Relative Strength | 19.26 | NEGATIVE | ABT.MI has a low relative strength, it was outperformed by 80.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABT.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABT.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABT.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.61 | NEUTRAL | The RSI value for ABT.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABT.MI has a negative trend. |
| Stochastics (14,3) | 33.6 | NEUTRAL | The Stochastics value for ABT.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ABT.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.31 | NEGATIVE | The low ADX value for ABT.MI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:ABT (6/4/2025, 7:00:00 PM)
3.24
-0.07 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-2.06%
1 Week-4.12%
2 Weeks-3.64%
1 Month3.82%
3 Month9.76%
6 Month-24.19%
12 Month-37.31%
2 Year-39.41%
3 Year-44.37%
5 Year-91.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%2.42%
ATR Inc17%
Range Today0.06
ADR(20)0.06
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.26
Mansfield-2.03
10 Day High3.47
10 Day Low3.17
20 Day High3.47
20 Day Low3.08
52 Week High5.26
52 Week Low2.5
CS1 End3.25
CR1 Start3.3
Volume & EV
DER(3)0%
DER(5)-0.3%
Volume3.31K
Volume Incr-64.8%
Vol(5)4.37K
Vol(50)18.82K