EUROGROUP LAMINATIONS SPA (EGLA.MI) Stock Technical Analysis
BIT:EGLA - Euronext Milan - IT0005527616 - Common Stock - Currency: EUR
We assign a technical rating of 1 out of 10 to EGLA. EGLA 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.
When comparing the yearly performance of all stocks, EGLA is a bad performer in the overall market: 93% of all stocks are doing better.
EGLA is part of the Electrical Equipment industry. There are 56 other stocks in this industry, of which 69% are performing better than EGLA.
EGLA 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 EGLA has a been trading in the 2.13 - 2.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EGLA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.12
3.09
We found 2 important support areas.
- A support zone ranging from 2.20 to 2.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.14 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @2.34 from a horizontal line in the daily time frame.
- Resistance @2.91 from a trend line in the weekly time frame.
- Resistance @3.06 from a trend 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 EGLA.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGLA.MI is down. |
| ChartMill Relative Strength | 7.38 | NEGATIVE | EGLA.MI has a low relative strength, it was outperformed by 92.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGLA.MI is above the rising 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) | DOWN | NEGATIVE | The current price of EGLA.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.98 | NEUTRAL | The RSI value for EGLA.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EGLA.MI has a positive trend. |
| Stochastics (14,3) | 34.88 | NEUTRAL | The Stochastics value for EGLA.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for EGLA.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 23.18 | NEUTRAL | The ADX value for EGLA.MI suggests a possible start of a new 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)
BIT:EGLA (7/18/2025, 7:00:00 PM)
2.268
+0.07 (+3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg3%
1 Week0.27%
2 Weeks3.09%
1 Month1.89%
3 Month-3.82%
6 Month-17.17%
12 Month-40.19%
2 Year-54.69%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.61%
ATR Inc-6.35%
Range Today0.07
ADR(20)0.08
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.38
Mansfield-2.71
10 Day High2.36
10 Day Low2.16
20 Day High2.36
20 Day Low2.13
52 Week High3.87
52 Week Low2.1
CS1 End2.25
CR1 Start2.34
Volume & EV
DER(3)-4.52%
DER(5)-4.71%
Volume279.50K
Volume Incr-56.68%
Vol(5)205.17K
Vol(50)430.12K