BASICNET SPA (BAN.MI) Stock Technical Analysis
Europe - BIT:BAN - IT0001033700 - Common Stock
6.94 EUR
-0.06 (-0.86%)
We assign a technical rating of 3 out of 10 to BAN. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
In the last month BAN has a been trading in the 6.81 - 7.37 range, which is quite wide. It is currently trading near the lows of this range.
BAN is part of the Specialty Retail industry. There are 55 other stocks in this industry. BAN outperforms 88% of them.
Looking at the yearly performance, BAN did better than 92% 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.
BAN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 6.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.31
8.89
We found 2 important support areas.
- A support zone ranging from 6.91 to 6.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.05 to 7.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.31 from a trend line in the daily time frame.
- Resistance @7.51 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.71 to 7.80. This zone is formed by a combination of multiple trend lines 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 | 92.3 | POSITIVE | BAN.MI has a high relative strength, it outperformed 92.3% 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) | UP | POSITIVE | The current price of BAN.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BAN.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.99 | NEUTRAL | The RSI value for BAN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BAN.MI has a negative trend. |
| Stochastics (14,3) | 41.83 | NEUTRAL | The Stochastics value for BAN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for BAN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.19 | 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 (10/17/2025, 7:00:00 PM)
6.94
-0.06 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.86%
1 Week-3.74%
2 Weeks-0.29%
1 Month-4.14%
3 Month-11.03%
6 Month-11.25%
12 Month101.16%
2 Year50.87%
3 Year43.54%
5 Year140.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%2.69%
ATR Inc23.79%
Range Today0.22
ADR(20)0.18
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.3
Mansfield-1.6
10 Day High7.28
10 Day Low6.81
20 Day High7.37
20 Day Low6.81
52 Week High8.94
52 Week Low3.38
CS1 End6.92
CR1 Start7.05
Volume & EV
DER(3)0.16%
DER(5)-0.46%
Volume31.63K
Volume Incr-32.29%
Vol(5)28.90K
Vol(50)31.17K