ATLANTIA SPA (ATL.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:ATL - IT0003506190 - Common Stock
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.
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
16.64
We found 3 important support areas.
- 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.
We found 1 important resistance 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.
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. |
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 worst case loss on the trade is limited to 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.
BIT:ATL (12/6/2022, 5:35:15 PM)
22.99
+0.05 (+0.22%)
ATLANTIA SPA / ATL.MI FAQ
What is the ChartMill technical rating of ATLANTIA SPA (ATL.MI) stock?
ChartMill assigns a technical rating of 7 / 10 to ATL.MI.
What is the trend direction for ATL stock?
The current trend direction for ATLANTIA SPA (ATL.MI) is Bullish.
What is the RSI signal for ATL 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 ATLANTIA SPA (ATL.MI) stock?
The MACD indicator for ATLANTIA SPA (ATL.MI) has a value of -0.00642504, indicating a bearish trend.
What is the short term momentum for ATL stock?
The short term momentum for ATLANTIA SPA (ATL.MI) is positive.