ITALIAN EXHIBITION GROUP SPA (IEG.MI) Stock Technical Analysis
BIT:IEG - Euronext Milan - IT0003411417 - Common Stock - Currency: EUR
We assign a technical rating of 10 out of 10 to IEG. Both in the recent history as in the last year, IEG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: IEG has an average volume of 7349 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IEG is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, IEG also shows a nice and consistent pattern of rising prices.
IEG is one of the better performing stocks in the Media industry, it outperforms 95% of 63 stocks in the same industry.
IEG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IEG is leading the market.
IEG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, IEG 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 support zone below the current price at 9.19, a Stop Loss order could be placed below this zone.
More info and screens
7.09
9.58
We found 4 important support areas.
- A support zone ranging from 9.18 to 9.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.89 from a trend line in the weekly time frame.
- Support @7.47 from a trend line in the weekly time frame.
- Support @7.16 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.33 to 9.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 IEG.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IEG.MI is up. |
| ChartMill Relative Strength | 97.04 | POSITIVE | IEG.MI has a high relative strength, it outperformed 97.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IEG.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IEG.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IEG.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.61 | NEUTRAL | The RSI value for IEG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests IEG.MI has a negative trend. |
| Stochastics (14,3) | 26.58 | NEUTRAL | The Stochastics value for IEG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for IEG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 45.28 | POSITIVE | The high ADX value value for IEG.MI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 9.50 | 9.17 | 0.33 (3.47%) | 25.00% |
| An entry @9.50. This is a Buy Stop order right above the resistance zone. | An exit @9.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 3.47%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:IEG (6/17/2025, 7:00:00 PM)
9.2
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0%
1 Week-2.13%
2 Weeks-2.95%
1 Month17.05%
3 Month24.32%
6 Month47.91%
12 Month94.09%
2 Year256.59%
3 Year300%
5 Year218.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%3.46%
ATR Inc-43.3%
Range Today0.22
ADR(20)0.27
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.04
Mansfield2.89
10 Day High9.56
10 Day Low9.16
20 Day High9.7
20 Day Low7.54
52 Week High9.7
52 Week Low4.72
CS1 End9.19
CR1 Start9.33
Volume & EV
DER(3)0%
DER(5)0%
Volume6.84K
Volume Incr-67.92%
Vol(5)2.99K
Vol(50)7.35K