ITALGAS SPA (IG.MI) Stock Technical Analysis
BIT:IG • IT0005211237
Overall IG gets a technical rating of 10 out of 10. 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 91% 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 5 other stocks in this industry. IG outperforms 100% of them.
- IG is currently trading near its 52 week high, which is a good sign. 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 9.85 - 10.87 range, which is quite wide. It is currently trading near the high of this range.
- IG has an average volume of 3696690 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 offer a high quality setup 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
8.65
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.20 to 10.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.14 to 9.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.81 from a horizontal line in the daily 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 | 91.52 | POSITIVE | IG.MI has a high relative strength, it outperformed 91.52% 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) | 71.65 | 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) | 89.3 | OVERBOUGHT | The high Stochastics value suggests IG.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for IG.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 31.58 | POSITIVE | The high ADX value value for IG.MI suggests a strong trend. |
BIT:IG (2/13/2026, 3:59:01 PM)
10.805
+0.05 (+0.51%)
ITALGAS SPA / IG.MI FAQ
Can you provide the ChartMill technical rating for ITALGAS SPA?
ChartMill assigns a technical rating of 10 / 10 to IG.MI.
Can you provide the trend direction for ITALGAS SPA?
The current trend direction for ITALGAS SPA (IG.MI) is Bullish.
What is the RSI signal for ITALGAS SPA (IG.MI) stock?
ITALGAS SPA (IG.MI) has an RSI value of 71.6479. This indicates that the stock is currently overbought.
What is the MACD signal for ITALGAS SPA (IG.MI) stock?
The MACD indicator for ITALGAS SPA (IG.MI) has a value of 0.0500574, indicating a bearish trend.
What is the short term momentum for IG stock?
The short term momentum for ITALGAS SPA (IG.MI) is positive.