ITALGAS SPA (IG.MI) Stock Technical Analysis
BIT:IG - Euronext Milan - IT0005211237 - Common Stock - Currency: EUR
Taking everything into account, IG scores 8 out of 10 in our technical rating. In the last year, IG was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month IG has a been trading in the 6.76 - 7.36 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that IG is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, IG also shows a nice and consistent pattern of rising prices.
IG is one of the better performing stocks in the Gas Utilities industry, it outperforms 100% of 4 stocks in the same industry.
IG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IG is performing more or less in line with the market.
IG has an average volume of 4070090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Volume is considerably higher in the last couple of days.
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 6.88, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.66
7.43
When analyzing the support we can see 5 important areas.
- A support zone ranging from 6.85 to 6.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.09 from a trend line in the weekly time frame.
- Support @5.65 from a trend line in the daily time frame.
- Support @5.37 from a horizontal line in the daily time frame.
- Support @4.71 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.93 to 6.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.29 to 7.36. This zone is formed by a combination of multiple trend lines 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 IG.MI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IG.MI is down. |
| ChartMill Relative Strength | 88.2 | POSITIVE | IG.MI has a high relative strength, it outperformed 88.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IG.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IG.MI is below 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) | 43.28 | NEUTRAL | The RSI value for IG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests IG.MI has a negative trend. |
| Stochastics (14,3) | 30.53 | NEUTRAL | The Stochastics value for IG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for IG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for IG.MI suggests a weak or negative 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 |
|---|---|---|---|
| 6.96 | 6.84 | 0.12 (1.72%) | 25.00% |
| An entry @6.96. This is a Buy Stop order right above the resistance zone. | An exit @6.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 1.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- 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.
BIT:IG (6/4/2025, 7:00:00 PM)
6.89
-0.06 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.86%
1 Week-2.96%
2 Weeks-2.61%
1 Month-5.23%
3 Month13.23%
6 Month24.14%
12 Month39.64%
2 Year27%
3 Year24.03%
5 Year33.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.34%
ATR Inc-32.72%
Range Today0.1
ADR(20)0.13
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.2
Mansfield1.48
10 Day High7.3
10 Day Low6.76
20 Day High7.36
20 Day Low6.76
52 Week High7.38
52 Week Low4.57
CS1 End6.88
CR1 Start6.93
Volume & EV
DER(3)-2.93%
DER(5)-1.82%
Volume6.01M
Volume Incr102.8%
Vol(5)6.20M
Vol(50)4.07M