BIT:GAB - Euronext Milan - IT0005023038 - Common Stock - Currency: EUR
We assign a technical rating of 7 out of 10 to GAB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GAB is only an average performer.
GAB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.69, a Stop Loss order could be placed below this zone.
0.54
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice one important area.
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 GAB.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GAB.MI is up. |
ChartMill Relative Strength | 65.15 | NEUTRAL | GAB.MI is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GAB.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GAB.MI is above a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GAB.MI is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 68.36 | NEUTRAL | The RSI value for GAB.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GAB.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 87.2 | OVERBOUGHT | The high Stochastics value suggests GAB.MI may be overbought. |
Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for GAB.MI suggests some volalility. |
Average Directional Index/ADX (14) | 27.3 | POSITIVE | The high ADX value value for GAB.MI suggests a strong 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 |
---|---|---|---|
0.74 | 0.68 | 0.06 (8.11%) | 12.33% |
An entry @0.74. This is a Buy Stop order right above the resistance zone. | An exit @0.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 8.11%. | For a 1.00% total portfolio risk, you can invest 12.33% of your capital in this trade. |
BIT:GAB (6/6/2025, 7:00:00 PM)
0.716
+0.01 (+1.42%)