Logo image of BAN.MI

BASICNET SPA (BAN.MI) Stock Technical Analysis

BIT:BAN - Euronext Milan - IT0001033700 - Common Stock - Currency: EUR

7.61  -0.07 (-0.91%)

Technical Rating and Analysis

3

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.
Weekly and Daily overview Charts
BASICNET SPA / BAN Weekly stock chart
BASICNET SPA / BAN Daily stock chart
Setup Rating and Analysis

7

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.

Support and Resistance Analysis

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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for BAN.MI is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for BAN.MI is down.
ChartMill Relative Strength95.79POSITIVEBAN.MI has a high relative strength, it outperformed 95.79% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of BAN.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of BAN.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of BAN.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)44.09NEUTRALThe RSI value for BAN.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests BAN.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)53.08NEUTRALThe Stochastics value for BAN.MI is a neutral value.
Average True Range in percent/ATR (20)2.32MEDIUM VOLATILITYThe ATR as a percentage value for BAN.MI suggests some volalility.
Average Directional Index/ADX (14)19NEGATIVEThe low ADX value for BAN.MI suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
BASICNET SPA / BAN Daily stock chart

BASICNET SPA

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