Europe - Euronext Milan - BIT:FNM - IT0000060886 - Common Stock
Overall FNM gets a technical rating of 8 out of 10. Although FNM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although FNM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
0.40
We found 4 important support areas.
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 | 59.14 | 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) | 76.25 | OVERBOUGHT | The high RSI value suggests FNM.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FNM.MI has a positive trend. |
| Stochastics (14,3) | 96.36 | OVERBOUGHT | The high Stochastics value suggests FNM.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for FNM.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 24.14 | NEUTRAL | The ADX value for FNM.MI suggests a possible start of a new trend. |
BIT:FNM (1/9/2026, 7:00:00 PM)
0.52
+0.01 (+2.77%)
ChartMill assigns a technical rating of 8 / 10 to FNM.MI.
The current trend direction for FNM SPA (FNM.MI) is Bullish.
FNM SPA (FNM.MI) has an RSI value of 76.2456. This indicates that the stock is currently overbought.
The short term momentum for FNM SPA (FNM.MI) is positive.
The buy/sell signal for FNM SPA (FNM.MI) is buy as both the short term and long term trends are positive.