ITALGAS SPA (IG.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:IG - IT0005211237 - Common Stock
9.293 EUR
+0.03 (+0.3%)
We assign a technical rating of 9 out of 10 to IG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, IG did better than 92% 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 part of the Gas Utilities industry. There are 5 other stocks in this industry. IG outperforms 100% of them.
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.
IG has an average volume of 2938560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month IG has a been trading in the 9.09 - 9.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. There is a support zone below the current price at 9.24, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
8.14
9.83
2 important support areas can be observed.
- A support zone ranging from 9.13 to 9.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.22 to 8.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.34 to 9.37. 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 9.73 to 9.73. 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 | NEUTRAL | NEUTRAL | The short term trend for IG.MI is neutral. |
| ChartMill Relative Strength | 92.24 | POSITIVE | IG.MI has a high relative strength, it outperformed 92.24% 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 | 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) | 49.23 | NEUTRAL | The RSI value for IG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IG.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.29 | NEUTRAL | The Stochastics value for IG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for IG.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 22.88 | NEUTRAL | The ADX value for IG.MI suggests a possible start of a new 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 |
|---|---|---|---|
| 9.38 | 9.12 | 0.26 (2.77%) | 25.00% |
| An entry @9.38. This is a Buy Stop order right above the resistance zone. | An exit @9.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.26 points, which is 2.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- 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 (12/23/2025, 3:18:31 PM)
9.293
+0.03 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.3%
1 Week0.32%
2 Weeks0.32%
1 Month-2.88%
3 Month20.4%
6 Month29.4%
12 Month71.57%
2 Year78.86%
3 Year78.52%
5 Year78.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.65%
ATR Inc-1.81%
Range Today0.05
ADR(20)0.14
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.24
3 months CRS88.35
6 months CRS85.54
Mansfield1.41
10 Day High9.4
10 Day Low9.09
20 Day High9.8
20 Day Low9.09
52 Week High9.8
52 Week Low5.32
CS1 End9.24
CR1 Start9.34
Volume & EV
DER(3)-0.02%
DER(5)-2.12%
Volume310.01K
Volume Incr58.36%
Vol(5)3.98M
Vol(50)2.94M
ITALGAS SPA / IG.MI FAQ
Can you provide the ChartMill technical rating for ITALGAS SPA?
ChartMill assigns a technical rating of 9 / 10 to IG.MI.
What is the current trend direction of ITALGAS SPA (IG.MI) stock?
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 49.2307. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ITALGAS SPA?
The short term momentum for ITALGAS SPA (IG.MI) is neutral.