ITALGAS SPA (IG.MI) Stock Technical Analysis
Europe - BIT:IG - IT0005211237 - Common Stock
8.373 EUR
+0.09 (+1.12%)
Taking everything into account, IG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, IG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, IG did better than 84% of all other stocks. On top of that, IG also shows a nice and consistent pattern of rising prices.
IG is part of the Gas Utilities industry. There are 4 other stocks in this industry. IG outperforms 100% of them.
IG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IG has a been trading in the 7.37 - 8.34 range, which is quite wide. It is currently trading near the high of this range.
IG has an average volume of 2406520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although IG 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.
More info and screens
6.59
8.46
We found 4 important support areas.
- A support zone ranging from 7.55 to 7.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.40 to 7.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.97 from a horizontal line in the daily time frame.
- Support @6.66 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 IG.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IG.MI is up. |
| ChartMill Relative Strength | 84.25 | POSITIVE | IG.MI has a high relative strength, it outperformed 84.25% 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) | UP | POSITIVE | The current price of IG.MI is above the rising 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) | 79.08 | OVERBOUGHT | The high RSI value suggests IG.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests IG.MI has a positive trend. |
| Stochastics (14,3) | 94.15 | OVERBOUGHT | The high Stochastics value suggests IG.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for IG.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 33.28 | POSITIVE | The high ADX value value for IG.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)
BIT:IG (10/15/2025, 5:22:55 PM)
8.373
+0.09 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg1.12%
1 Week4.81%
2 Weeks5.68%
1 Month10.25%
3 Month15.32%
6 Month19.31%
12 Month40.58%
2 Year72.57%
3 Year58.77%
5 Year66.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%1.49%
ATR Inc-35.5%
Range Today0.09
ADR(20)0.12
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.25
Mansfield1.34
10 Day High8.34
10 Day Low7.63
20 Day High8.34
20 Day Low7.37
52 Week High8.34
52 Week Low5.26
CS1 End7.81
CR1 StartN/A
Volume & EV
DER(3)0.08%
DER(5)-0.09%
Volume1.86M
Volume Incr6.34%
Vol(5)2.65M
Vol(50)2.41M