ITALGAS SPA (IG.MI) Technical Analysis
BIT:IG • IT0005211237
Current stock price
IG.MI Technical Rating and Analysis
Overall IG gets a technical rating of 7 out of 10. In the last year, IG was one of the better performers, but we do observe some doubts in the very recent evolution.
- IG is one of the lesser performing stocks in the Gas Utilities industry. 66% of 4 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, IG did better than 78% of all other stocks. We also observe that the gains produced by IG over the past year are nicely spread over this period.
- IG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IG is lagging the market slightly.
- In the last month IG has a been trading in the 9.73 - 10.63 range, which is quite wide. It is currently trading near the high of this range.
- IG has an average volume of 4573540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
IG.MI Weekly and Daily overview Charts
IG.MI Setup Rating and Analysis
Besides having an excellent technical rating, IG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.41, a Stop Loss order could be placed below this zone.
More info and screens
IG.MI Support and Resistance Analysis
9.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.07 to 10.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.69 to 9.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.31 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.42 to 10.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.19 from a horizontal line in the daily time frame.
IG.MI Technical Indicator Signal Analysis
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 IG.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IG.MI is neutral. |
| ChartMill Relative Strength | 78.16 | POSITIVE | IG.MI has a high relative strength, it outperformed 78.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IG.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IG.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IG.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.15 | NEUTRAL | The RSI value for IG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IG.MI has a positive trend. |
| Stochastics (14,3) | 51.34 | NEUTRAL | The Stochastics value for IG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for IG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.14 | NEGATIVE | The low ADX value for IG.MI suggests a weak or negative trend. |
IG.MI Chart- and CandleStick Pattern Analysis
IG.MI Example Setup
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 |
|---|---|---|---|
| 10.45 | 10.23 | 0.22 (2.11%) | 25.00% |
| An entry @10.45. This is a Buy Stop order right above the resistance zone. | An exit @10.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 2.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of IG. Please evaluate whether better entry and exit points can be found.
- 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.
IG.MI Technicals: Chart, Performance Metrics, Trend & Indicators
BIT:IG (4/23/2026, 7:00:00 PM)
10.41
+0.11 (+1.02%)
ITALGAS SPA / IG.MI TA FAQ
Can you provide the ChartMill technical rating for ITALGAS SPA?
ChartMill assigns a technical rating of 7 / 10 to IG.MI.
Can you provide the trend direction for ITALGAS SPA?
The current trend direction for ITALGAS SPA (IG.MI) is Bullish.
Can you provide the RSI signal for ITALGAS SPA?
ITALGAS SPA (IG.MI) has an RSI value of 53.148. This indicates that the stock is currently neutral.
What is the short term momentum for ITALGAS SPA (IG.MI) stock?
The short term momentum for ITALGAS SPA (IG.MI) is neutral.
Can you provide the support and resistance levels for ITALGAS SPA?
ITALGAS SPA (IG.MI) has a support level at 10.41 and a resistance level at 10.42. Check the full technical report for our detailed analysis of IG.MI support and resistance levels.