FNM SPA (FNM.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
Taking everything into account, FNM scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FNM is only an average performer.
Besides having an excellent technical rating, FNM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 0.48. Right above this resistance zone may be a good entry point.
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0.40
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.40 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.49 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for FNM.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNM.MI is up. |
| ChartMill Relative Strength | 44.41 | NEUTRAL | FNM.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNM.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNM.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNM.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.8 | NEUTRAL | The RSI value for FNM.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FNM.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.43 | NEUTRAL | The Stochastics value for FNM.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for FNM.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.72 | NEGATIVE | The low ADX value for FNM.MI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.49 | 0.45 | 0.03 (6.66%) | 15.01% |
| An entry @0.49. This is a Buy Stop order right above the 10 day moving average. | An exit @0.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 6.66%. | When investing 15.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:FNM (12/1/2025, 5:24:26 PM)
0.475
0 (-0.42%)
FNM SPA / FNM.MI FAQ
Can you provide the ChartMill technical rating for FNM SPA?
ChartMill assigns a technical rating of 7 / 10 to FNM.MI.
What is the trend direction for FNM stock?
The current trend direction for FNM SPA (FNM.MI) is Bullish.
Can you provide the RSI signal for FNM SPA?
FNM SPA (FNM.MI) has an RSI value of 53.7999. This indicates that the stock is currently neutral.
What is the short term momentum for FNM stock?
The short term momentum for FNM SPA (FNM.MI) is positive.
What is the support and resistance level for FNM stock?
FNM SPA (FNM.MI) has a support level at 0.47 and a resistance level at 0.48. Check the full technical report for our detailed analysis of FNM.MI support and resistance levels.