ACEA SPA (ACE.MI) Stock Technical Analysis
BIT:ACE - Euronext Milan - IT0001207098 - Common Stock - Currency: EUR
Overall ACE gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ACE did better than 87% of all other stocks. On top of that, ACE also shows a nice and consistent pattern of rising prices.
ACE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ACE is performing more or less in line with the market.
ACE 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.
ACE is an average performer in the Multi-Utilities industry, it outperforms 53% of 14 stocks in the same industry.
In the last month ACE has a been trading in a tight range between 21.12 and 22.20.
Besides having an excellent technical rating, ACE 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 21.69. Right above this resistance zone may be a good entry point.
More info and screens
16.62
22.26
4 important support areas can be observed.
- Support @21.40 from a horizontal line in the daily time frame.
- A support zone ranging from 18.17 to 18.42. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @17.59 from a trend line in the weekly time frame.
- A support zone ranging from 16.79 to 17.04. 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 21.69 to 22.04. 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 ACE.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACE.MI is neutral. |
| ChartMill Relative Strength | 87.01 | POSITIVE | ACE.MI has a high relative strength, it outperformed 87.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACE.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACE.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACE.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.17 | NEUTRAL | The RSI value for ACE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ACE.MI has a negative trend. |
| Stochastics (14,3) | 29.63 | NEUTRAL | The Stochastics value for ACE.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for ACE.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 21.04 | NEUTRAL | The ADX value for ACE.MI suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 22.05 | 21.39 | 0.66 (2.99%) | 25.00% |
| An entry @22.05. This is a Buy Stop order right above the resistance zone. | An exit @21.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.66 points, which is 2.99%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:ACE (6/19/2025, 7:00:00 PM)
21.5
+0.1 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.47%
1 Week-1.56%
2 Weeks-0.92%
1 Month-0.65%
3 Month15.34%
6 Month17.81%
12 Month31.26%
2 Year79.47%
3 Year52.37%
5 Year25.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%1.88%
ATR Inc-37.58%
Range Today0.3
ADR(20)0.4
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.01
Mansfield1.38
10 Day High22.08
10 Day Low21.2
20 Day High22.2
20 Day Low21.12
52 Week High22.2
52 Week Low14.82
CS1 End21.4
CR1 Start21.69
Volume & EV
DER(3)0.3%
DER(5)1.97%
Volume76.82K
Volume Incr-40.67%
Vol(5)75.64K
Vol(50)107.37K