BIFIRE SPA (FIRE.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:FIRE - IT0005495335 - Common Stock
Taking everything into account, FIRE scores 2 out of 10 in our technical rating. In the last year, FIRE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
FIRE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
When analyzing the support we can see 2 important 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.
3 important resistance areas can be observed.
- 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.
What is the current trend direction of BIFIRE SPA (FIRE.MI) stock?
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.
What is the MACD signal for BIFIRE SPA (FIRE.MI) stock?
The MACD indicator for BIFIRE SPA (FIRE.MI) has a value of 0.0260709, indicating a bearish trend.