BANCA MEDIOLANUM SPA (BMED.MI) Stock Technical Analysis
BIT:BMED - Euronext Milan - IT0004776628 - Common Stock - Currency: EUR
Taking everything into account, BMED scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BMED has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, BMED also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
12.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.58 to 14.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.45 from a trend line in the weekly time frame.
- A support zone ranging from 12.51 to 12.69. 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 15.22 to 15.36. 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 BMED.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMED.MI is up. |
| ChartMill Relative Strength | 83.69 | POSITIVE | BMED.MI has a high relative strength, it outperformed 83.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMED.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMED.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BMED.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.9 | NEUTRAL | The RSI value for BMED.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BMED.MI has a negative trend. |
| Stochastics (14,3) | 31.65 | NEUTRAL | The Stochastics value for BMED.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for BMED.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.19 | NEGATIVE | The low ADX value for BMED.MI suggests a weak or negative 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 |
|---|---|---|---|
| 14.81 | 14.57 | 0.24 (1.64%) | 25.00% |
| An entry @14.81. This is a Buy Stop order right above the 10 day moving average. | An exit @14.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 1.64%. | For a 0.41% 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 BMED. 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:BMED (6/2/2025, 7:00:00 PM)
14.64
+0.01 (+0.07%)