EDAC Technical Analysis - EDILIZIACROBATICA SPA

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to EDAC. EDAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

93% of all other stocks performed better in the past year than EDAC.

EDAC is part of the Construction & Engineering industry. There are 43 other stocks in this industry, of which 76% are performing better than EDAC.

EDAC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month EDAC has a been trading in the 5.22 - 5.90 range, which is quite wide. It is currently trading near the lows of this range.

Warning: EDAC has an average volume of 7276 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EDILIZIACROBATICA SPA / EDAC Weekly stock chart

EDILIZIACROBATICA SPA / EDAC Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, EDAC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.36

5.95

We found 1 important support area.

A support zone ranging from 5.41 to 5.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 5.71 to 5.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @5.89 from a horizontal line in the daily time frame.

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for EDAC.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EDAC.MI is down.
ChartMill Relative Strength	7.02	NEGATIVE	EDAC.MI has a low relative strength, it was outperformed by 92.98% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EDAC.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EDAC.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of EDAC.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.53	NEUTRAL	The RSI value for EDAC.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests EDAC.MI has a negative trend.
Stochastics (14,3)	9.8	OVERSOLD	The low Stochastics value suggests EDAC.MI may be oversold.
Average True Range in percent/ATR (20)	3.57	MEDIUM VOLATILITY	The ATR as a percentage value for EDAC.MI suggests some volalility.
Average Directional Index/ADX (14)	24.72	NEUTRAL	The ADX value for EDAC.MI suggests a possible start of a new trend.