BASICNET SPA (BAN.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:BAN - IT0001033700 - Common Stock
Overall BAN gets a technical rating of 6 out of 10. Although BAN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, BAN is a bad performer in the overall market: 68% of all stocks are doing better.
- In the last month BAN has a been trading in the 7.20 - 7.65 range, which is quite wide. It is currently trading near the lows of this range.
- 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 an average performer in the Specialty Retail industry, it outperforms 62% of 59 stocks in the same industry.
- 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 7.25, 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
We found 3 important support areas.
- A support zone ranging from 7.08 to 7.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.49 from a horizontal line 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.30 to 7.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.58 to 7.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.80 from a horizontal line in the daily time frame.
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 | 32.39 | NEUTRAL | BAN.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BAN.MI is below the rising 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) | 48.69 | 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) | 26.36 | NEUTRAL | The Stochastics value for BAN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for BAN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.68 | POSITIVE | The high ADX value value for BAN.MI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.45 | 7.24 | 0.21 (2.82%) | 25.00% |
| An entry @7.45. This is a Buy Stop order right above the resistance zone. | An exit @7.24. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.21 points, which is 2.82%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BAN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:BAN (1/14/2026, 7:00:00 PM)
7.29
-0.01 (-0.14%)
BASICNET SPA / BAN.MI FAQ
What is the technical rating for BAN stock?
ChartMill assigns a technical rating of 6 / 10 to BAN.MI.
Can you provide the trend direction for BASICNET SPA?
The current trend direction for BASICNET SPA (BAN.MI) is Bullish.
What is the RSI signal for BASICNET SPA (BAN.MI) stock?
BASICNET SPA (BAN.MI) has an RSI value of 48.6928. This indicates that the stock is currently neutral.
What is the support and resistance level for BAN stock?
BASICNET SPA (BAN.MI) has a support level at 7.25 and a resistance level at 7.3. Check the full technical report for our detailed analysis of BAN.MI support and resistance levels.