BASICNET SPA (BAN.MI) Stock Technical Analysis
BIT:BAN - Euronext Milan - IT0001033700 - Common Stock - Currency: EUR
Overall BAN gets a technical rating of 3 out of 10. 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.
BAN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: BAN has an average volume of 20273 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that BAN is one of the better performing stocks in the market, outperforming 95% of all stocks.
BAN is one of the better performing stocks in the Specialty Retail industry, it outperforms 88% of 51 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.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BAN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.61, a Stop Loss order could be placed below this zone.
More info and screens
7.27
8.89
2 important support areas can be observed.
- A support zone ranging from 7.46 to 7.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.34 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.03 to 8.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.67 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 | NEUTRAL | NEUTRAL | The long term trend for BAN.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BAN.MI is down. |
| ChartMill Relative Strength | 95.79 | POSITIVE | BAN.MI has a high relative strength, it outperformed 95.79% 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) | 44.09 | NEUTRAL | The RSI value for BAN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BAN.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.08 | NEUTRAL | The Stochastics value for BAN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for BAN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 19 | 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 (7/25/2025, 5:28:56 PM)
7.61
-0.07 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.91%
1 Week-2.44%
2 Weeks1.87%
1 Month-0.91%
3 Month-6.4%
6 Month3.96%
12 Month122.84%
2 Year57.88%
3 Year35.89%
5 Year121.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.32%
ATR Inc-46.46%
Range Today0.09
ADR(20)0.14
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.79
Mansfield0.58
10 Day High7.88
10 Day Low7.54
20 Day High8.1
20 Day Low7.4
52 Week High8.94
52 Week Low2.84
CS1 End7.61
CR1 Start8.03
Volume & EV
DER(3)-2%
DER(5)-1.06%
Volume3.16K
Volume Incr-41.02%
Vol(5)6.34K
Vol(50)20.27K