BIFIRE SPA (FIRE.MI) Stock Technical Analysis
Europe - BIT:FIRE - IT0005495335 - Common Stock
Overall FIRE gets a technical rating of 2 out of 10. FIRE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, FIRE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.77, a Stop Loss order could be placed below this zone.
More info and screens
2.29
We found 2 important support areas.
- A support zone ranging from 2.77 to 2.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.79 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.41 from a trend line in the daily time frame.
- A resistance zone ranging from 3.62 to 3.66. 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 FIRE.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FIRE.MI is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | FIRE.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FIRE.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FIRE.MI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 47.67 | NEUTRAL | The RSI value for FIRE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FIRE.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.87 | OVERBOUGHT | The high Stochastics value suggests FIRE.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for FIRE.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.35 | NEGATIVE | The low ADX value for FIRE.MI suggests a weak or negative trend. |
BIT:FIRE (4/23/2025, 7:00:00 PM)
2.78
-0.04 (-1.42%)
BIFIRE SPA / FIRE.MI FAQ
What is the technical rating for FIRE stock?
ChartMill assigns a technical rating of 2 / 10 to FIRE.MI.
Can you provide the trend direction for BIFIRE SPA?
The current trend direction for BIFIRE SPA (FIRE.MI) is Bullish.
Can you provide the RSI signal for BIFIRE SPA?
BIFIRE SPA (FIRE.MI) has an RSI value of 47.6673. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BIFIRE SPA?
BIFIRE SPA (FIRE.MI) has a support level at 2.77 and a resistance level at 2.79. Check the full technical report for our detailed analysis of FIRE.MI support and resistance levels.