MB Technical Analysis - MEDIOBANCA SPA

Technical Rating and Analysis

Overall MB gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MB is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that MB is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by MB over the past year are nicely spread over this period.

A new 52 week high is currently being made by MB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month MB has a been trading in the 19.00 - 22.10 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

MB has an average volume of 4870760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

MB is an average performer in the Banks industry, it outperforms 55% of 89 stocks in the same industry.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although MB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.39

22.22

We found 4 important support areas.

A support zone ranging from 19.34 to 20.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @15.71 from a trend line in the weekly time frame.
Support @14.45 from a trend line in the daily time frame.
A support zone ranging from 13.53 to 13.71. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 MB.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MB.MI is up.
ChartMill Relative Strength	87.14	POSITIVE	MB.MI has a high relative strength, it outperformed 87.14% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MB.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MB.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MB.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	67.43	NEUTRAL	The RSI value for MB.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests MB.MI has a positive trend.
Stochastics (14,3)	78.61	NEUTRAL	The Stochastics value for MB.MI is a neutral value.
Average True Range in percent/ATR (20)	2.7	MEDIUM VOLATILITY	The ATR as a percentage value for MB.MI suggests some volalility.
Average Directional Index/ADX (14)	23.2	NEUTRAL	The ADX value for MB.MI suggests a possible start of a new trend.