BASICNET SPA (BAN.MI) Stock Technical Analysis
BIT:BAN - Euronext Milan - IT0001033700 - Common Stock - Currency: EUR
Taking everything into account, BAN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BAN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
BAN is one of the better performing stocks in the Specialty Retail industry, it outperforms 83% of 50 stocks in the same industry.
BAN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BAN is leading the market.
In the last month BAN has a been trading in the 7.26 - 8.83 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, BAN did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although BAN has an excellent technical rating, the quality of the presented setup is not ideal 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
7.25
8.90
We found 3 important support areas.
- A support zone ranging from 7.87 to 7.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.53 to 7.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.32 to 7.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 8.79 to 8.81. 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 | UP | POSITIVE | The short term trend for BAN.MI is up. |
| ChartMill Relative Strength | 96.31 | POSITIVE | BAN.MI has a high relative strength, it outperformed 96.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAN.MI is above 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) | UP | POSITIVE | The current price of BAN.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.62 | NEUTRAL | The RSI value for BAN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BAN.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.19 | OVERBOUGHT | The high Stochastics value suggests BAN.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for BAN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.49 | 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)
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 |
|---|---|---|---|
| 8.82 | 7.81 | 1.01 (11.45%) | 8.73% |
| An entry @8.82. This is a Buy Stop order right above the resistance zone. | An exit @7.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.01 points, which is 11.45%. | When investing 8.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (5/23/2025, 7:00:00 PM)
8.66
+0.13 (+1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg1.52%
1 Week1.88%
2 Weeks8.05%
1 Month8.73%
3 Month2.36%
6 Month24.07%
12 Month116.5%
2 Year54.09%
3 Year30.23%
5 Year137.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%3.49%
ATR Inc9.35%
Range Today0.43
ADR(20)0.29
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.31
Mansfield4.61
10 Day High8.83
10 Day Low7.82
20 Day High8.83
20 Day Low7.26
52 Week High8.94
52 Week Low2.84
CS1 End7.97
CR1 Start8.79
Volume & EV
DER(3)0.01%
DER(5)1.36%
Volume72.14K
Volume Incr42.07%
Vol(5)40.62K
Vol(50)33.21K