BASICNET SPA (BAN.MI) Stock Technical Analysis
BIT:BAN - IT0001033700 - Common Stock
7.06 EUR
+0.32 (+4.75%)
Taking everything into account, BAN scores 2 out of 10 in our technical rating. Although BAN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: BAN has an average volume of 13719 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
BAN is part of the Specialty Retail industry. There are 53 other stocks in this industry. BAN outperforms 82% of them.
Looking at the yearly performance, BAN did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BAN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BAN is lagging the market.
In the last month BAN has a been trading in the 6.38 - 7.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of BAN is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.31
8.89
When analyzing the support we notice one important area.
- A support zone ranging from 6.37 to 6.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.37 to 7.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.02 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.78 to 8.80. 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 | DOWN | NEGATIVE | The long term trend for BAN.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAN.MI is neutral. |
| ChartMill Relative Strength | 94.26 | POSITIVE | BAN.MI has a high relative strength, it outperformed 94.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BAN.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BAN.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BAN.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.7 | NEUTRAL | The RSI value for BAN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BAN.MI has a positive trend. |
| Stochastics (14,3) | 45.72 | NEUTRAL | The Stochastics value for BAN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for BAN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 37.2 | POSITIVE | The high ADX value value for BAN.MI suggests a strong 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:BAN (8/22/2025, 5:10:16 PM)
7.06
+0.32 (+4.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg4.75%
1 Week10.75%
2 Weeks2.92%
1 Month-8.07%
3 Month-18.48%
6 Month-16.55%
12 Month112.01%
2 Year43.93%
3 Year32.21%
5 Year104.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%2.94%
ATR Inc43.56%
Range Today0.09
ADR(20)0.18
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.26
Mansfield-0.62
10 Day High7.1
10 Day Low6.38
20 Day High7.66
20 Day Low6.38
52 Week High8.94
52 Week Low2.84
CS1 End6.37
CR1 Start7.37
Volume & EV
DER(3)-7.93%
DER(5)-3.64%
Volume1.06K
Volume Incr-61.86%
Vol(5)4.48K
Vol(50)13.72K