BIT:IP - Euronext Milan - IT0001078911 - Common Stock - Currency: EUR
Taking everything into account, IP scores 2 out of 10 in our technical rating. In the past year, IP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, IP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.05, a Stop Loss order could be placed below this zone.
32.36
2 important support areas can be observed.
3 important resistance areas can be observed.
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 | DOWN | NEGATIVE | The long term trend for IP.MI is down. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IP.MI is up. |
ChartMill Relative Strength | 20.39 | NEGATIVE | IP.MI has a low relative strength, it was outperformed by 79.61% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IP.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IP.MI is above a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IP.MI is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 58.44 | NEUTRAL | The RSI value for IP.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IP.MI has a negative trend. |
Stochastics (14,3) | 61.08 | NEUTRAL | The Stochastics value for IP.MI is a neutral value. |
Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for IP.MI suggests some volalility. |
Average Directional Index/ADX (14) | 18.31 | NEGATIVE | The low ADX value for IP.MI suggests a weak or negative trend. |
BIT:IP (5/30/2025, 7:00:00 PM)
34.34
0 (0%)