B Technical Analysis - BASTOGI SPA

Technical Rating and Analysis

Overall B gets a technical rating of 10 out of 10. Both in the recent history as in the last year, B 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!

Looking at the yearly performance, B did better than 91% of all other stocks.

B is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 95% of 41 stocks in the same industry.

B 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.

B 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.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

B has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.55

0.92

When analyzing the support we can see 4 important areas.

A support zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.67 from a trend line in the daily time frame.
Support @0.65 from a trend line in the weekly time frame.
Support @0.56 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 B.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for B.MI is up.
ChartMill Relative Strength	91.57	POSITIVE	B.MI has a high relative strength, it outperformed 91.57% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of B.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of B.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of B.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.14	NEUTRAL	The RSI value for B.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests B.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	83.67	OVERBOUGHT	The high Stochastics value suggests B.MI may be overbought.
Average True Range in percent/ATR (20)	4.78	MEDIUM VOLATILITY	The ATR as a percentage value for B.MI suggests some volalility.
Average Directional Index/ADX (14)	39.36	POSITIVE	The high ADX value value for B.MI suggests a strong trend.