BASICNET SPA (BAN.MI) Stock Technical Analysis
BIT:BAN - Euronext Milan - IT0001033700 - Common Stock - Currency: EUR
We assign a technical rating of 5 out of 10 to BAN. BAN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month BAN has a been trading in the 7.82 - 8.93 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
BAN is one of the better performing stocks in the Specialty Retail industry, it outperforms 87% of 56 stocks in the same industry.
BAN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BAN is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that BAN is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BAN has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
7.24
8.95
When analyzing the support we notice one important area.
- Support @7.31 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @7.73 from a trend line in the weekly time frame.
- Resistance @7.87 from a trend line in the daily time frame.
- A resistance zone ranging from 8.79 to 8.86. 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 BAN.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAN.MI is neutral. |
| ChartMill Relative Strength | 96.83 | POSITIVE | BAN.MI has a high relative strength, it outperformed 96.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BAN.MI is below 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 | POSITIVE | The current price of BAN.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.36 | NEUTRAL | The RSI value for BAN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BAN.MI has a negative trend. |
| Stochastics (14,3) | 16.27 | OVERSOLD | The low Stochastics value suggests BAN.MI may be oversold. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for BAN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for BAN.MI suggests a weak or negative 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 (6/17/2025, 9:03:46 AM)
7.645
-0.18 (-2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-2.24%
1 Week-8.54%
2 Weeks-8.22%
1 Month-8%
3 Month4.27%
6 Month-1.01%
12 Month110.78%
2 Year43.62%
3 Year35.06%
5 Year98.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%3.75%
ATR Inc56.96%
Range Today0
ADR(20)0.27
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.83
Mansfield2.09
10 Day High8.87
10 Day Low7.82
20 Day High8.93
20 Day Low7.82
52 Week High8.94
52 Week Low2.84
CS1 End7.73
CR1 Start7.87
Volume & EV
DER(3)-0.38%
DER(5)0.47%
Volume190
Volume Incr42.32%
Vol(5)43.81K
Vol(50)34.23K