EUROGROUP LAMINATIONS SPA (EGLA.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:EGLA - IT0005527616 - Common Stock
We assign a technical rating of 1 out of 10 to EGLA. EGLA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of EGLA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.22
We found 1 important support area.
- A support zone ranging from 3.25 to 3.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.40 to 3.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @3.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.69 to 3.69. 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 | NEUTRAL | NEUTRAL | The long term trend for EGLA.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGLA.MI is down. |
| ChartMill Relative Strength | 52.67 | NEUTRAL | EGLA.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGLA.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGLA.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGLA.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 19.27 | OVERSOLD | The low RSI value suggests EGLA.MI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EGLA.MI has a negative trend. |
| Stochastics (14,3) | 15.21 | OVERSOLD | The low Stochastics value suggests EGLA.MI may be oversold. |
| Average True Range in percent/ATR (20) | 1.26 | LOW VOLATILITY | The low ATR as a percentage value for EGLA.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 24.29 | NEUTRAL | The ADX value for EGLA.MI suggests a possible start of a new trend. |
BIT:EGLA (11/21/2025, 7:00:00 PM)
3.264
-0.04 (-1.09%)
EUROGROUP LAMINATIONS SPA / EGLA.MI FAQ
Can you provide the ChartMill technical rating for EUROGROUP LAMINATIONS SPA?
ChartMill assigns a technical rating of 1 / 10 to EGLA.MI.
What is the trend direction for EGLA stock?
The current trend direction for EUROGROUP LAMINATIONS SPA (EGLA.MI) is Bearish.
Can you provide the RSI signal for EUROGROUP LAMINATIONS SPA?
EUROGROUP LAMINATIONS SPA (EGLA.MI) has an RSI value of 19.2682. This indicates that the stock is currently oversold.
Can you provide the short term momentum for EUROGROUP LAMINATIONS SPA?
The short term momentum for EUROGROUP LAMINATIONS SPA (EGLA.MI) is negative.
Can you provide the support and resistance levels for EUROGROUP LAMINATIONS SPA?
EUROGROUP LAMINATIONS SPA (EGLA.MI) has a support level at 3.25 and a resistance level at 3.4. Check the full technical report for our detailed analysis of EGLA.MI support and resistance levels.