ATLANTIA SPA (ATL.MI) Technical Analysis
BIT:ATL • IT0003506190
Current stock price
ATL.MI Technical Rating and Analysis
Taking everything into account, ATL scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, ATL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- ATL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ATL has an average volume of 1033280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ATL is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month ATL has a been trading in a tight range between 22.59 and 23.03.
- Considerably lower volume is observed in the last couple of days.
ATL.MI Weekly and Daily overview Charts
ATL.MI Setup Rating and Analysis
ATL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ATL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ATL.MI Support and Resistance Analysis
16.64
3 important support areas can be observed.
- A support zone ranging from 22.19 to 22.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.62 from a trend line in the weekly time frame.
- Support @16.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.00 to 23.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
ATL.MI 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 | UP | POSITIVE | The long term trend for ATL.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATL.MI is up. |
| ChartMill Relative Strength | 88.25 | POSITIVE | ATL.MI has a high relative strength, it outperformed 88.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATL.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATL.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATL.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.63 | NEUTRAL | The RSI value for ATL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ATL.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.67 | NEUTRAL | The Stochastics value for ATL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for ATL.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.53 | NEGATIVE | The low ADX value for ATL.MI suggests a weak or negative trend. |
ATL.MI Chart- and CandleStick Pattern Analysis
ATL.MI Example Setup
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 |
|---|---|---|---|
| 23.00 | 22.89 | 0.11 (0.48%) | 25.00% |
| An entry @23.00. This is a Buy Stop order right above the 10 day high. | An exit @22.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.11 points, which is 0.48%. | For a 0.12% 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.
ATL.MI Technicals: Chart, Performance Metrics, Trend & Indicators
BIT:ATL (12/6/2022, 5:35:15 PM)
22.99
+0.05 (+0.22%)
ATLANTIA SPA / ATL.MI TA FAQ
What is the ChartMill technical rating of ATLANTIA SPA (ATL.MI) stock?
ChartMill assigns a technical rating of 7 / 10 to ATL.MI.
Can you provide the trend direction for ATLANTIA SPA?
The current trend direction for ATLANTIA SPA (ATL.MI) is Bullish.
What is the RSI signal for ATLANTIA SPA (ATL.MI) stock?
ATLANTIA SPA (ATL.MI) has an RSI value of 65.6264. This indicates that the stock is currently neutral.
What is the MACD signal for ATL stock?
The MACD indicator for ATLANTIA SPA (ATL.MI) has a value of -0.00642504, indicating a bearish trend.
What are the support and resistance levels for ATLANTIA SPA (ATL.MI) stock?
ATLANTIA SPA (ATL.MI) has a support level at 22.94 and a resistance level at 23. Check the full technical report for our detailed analysis of ATL.MI support and resistance levels.