CONAFI SPA (CNF.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:CNF - IT0004105653 - Common Stock
Overall CNF gets a technical rating of 0 out of 10. CNF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of CNF is bad and it also does not present a quality setup 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
0.16
5 important resistance areas can be observed.
- Resistance @0.26 from a trend line in the weekly time frame.
- Resistance @0.27 from a trend line in the weekly time frame.
- Resistance @0.28 from a trend line in the daily time frame.
- Resistance @0.29 from a horizontal line in the weekly time frame.
- Resistance @0.30 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 | DOWN | NEGATIVE | The long term trend for CNF.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNF.MI is down. |
| ChartMill Relative Strength | 2.12 | NEGATIVE | CNF.MI has a low relative strength, it was outperformed by 97.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNF.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNF.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNF.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.57 | NEUTRAL | The RSI value for CNF.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNF.MI has a negative trend. |
| Stochastics (14,3) | 3 | OVERSOLD | The low Stochastics value suggests CNF.MI may be oversold. |
| Average True Range in percent/ATR (20) | 16.72 | HIGH VOLATILITY | The high ATR as a percentage value for CNF.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 27.05 | POSITIVE | The high ADX value value for CNF.MI suggests a strong trend. |
BIT:CNF (3/10/2025, 7:00:00 PM)
0.16
+0.01 (+4.23%)
CONAFI SPA / CNF.MI FAQ
What is the ChartMill technical rating of CONAFI SPA (CNF.MI) stock?
ChartMill assigns a technical rating of 0 / 10 to CNF.MI.
What is the current trend direction of CONAFI SPA (CNF.MI) stock?
The current trend direction for CONAFI SPA (CNF.MI) is Bearish.
What is the RSI signal for CNF stock?
CONAFI SPA (CNF.MI) has an RSI value of 32.5723. This indicates that the stock is currently neutral.
What is the MACD signal for CONAFI SPA (CNF.MI) stock?
The MACD indicator for CONAFI SPA (CNF.MI) has a value of -0.0124626, indicating a bearish trend.
What is the buy/sell signal for CNF stock?
The buy/sell signal for CONAFI SPA (CNF.MI) is sell as both the short term and long term trends are negative.