ITM Technical Analysis - ITALMOBILIARE SPA

Technical Rating and Analysis

Taking everything into account, ITM scores 8 out of 10 in our technical rating. Although ITM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: ITM has an average volume of 23803 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

ITM is part of the Industrial Conglomerates industry. There are 16 other stocks in this industry. ITM outperforms 73% of them.

ITM 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 ITM has a been trading in the 29.20 - 33.70 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, ITM did better than 73% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ITALMOBILIARE SPA / ITM Weekly stock chart

ITALMOBILIARE SPA / ITM Daily stock chart

Setup Rating and Analysis

Although ITM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

25.00

33.33

When analyzing the support we can see 2 important areas.

A support zone ranging from 29.36 to 29.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @25.25 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 ITM.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ITM.MI is up.
ChartMill Relative Strength	73.21	POSITIVE	ITM.MI has a high relative strength, it outperformed 73.21% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ITM.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ITM.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ITM.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	74.28	OVERBOUGHT	The high RSI value suggests ITM.MI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests ITM.MI has a positive trend.
Stochastics (14,3)	86.65	OVERBOUGHT	The high Stochastics value suggests ITM.MI may be overbought.
Average True Range in percent/ATR (20)	2.36	MEDIUM VOLATILITY	The ATR as a percentage value for ITM.MI suggests some volalility.
Average Directional Index/ADX (14)	49.14	POSITIVE	The high ADX value value for ITM.MI suggests a strong trend.