MAGIS SPA/CERRETO GUIDI (MGS.MI) Stock Technical Analysis
BIT:MGS - IT0005525347 - Common Stock
11.2 EUR
+0.2 (+1.82%)
We assign a technical rating of 1 out of 10 to MGS. MGS performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
100% of all other stocks performed better in the past year than MGS.
MGS is one of the lesser performing stocks in the Chemicals industry. 86% of 70 stocks in the same industry do better.
In the last month MGS has a been trading in the 10.50 - 15.50 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
The technical rating of MGS is bad and it also does not present a quality setup 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.
More info and screens
10.88
13.59
We found 2 important support areas.
- Support @11.19 from a horizontal line in the weekly time frame.
- Support @10.99 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.21 to 11.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.46 from a trend 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 MGS.MI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGS.MI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | MGS.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGS.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 38.06 | NEUTRAL | The RSI value for MGS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests MGS.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.91 | OVERSOLD | The low Stochastics value suggests MGS.MI may be oversold. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for MGS.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.88 | NEUTRAL | The ADX value for MGS.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)
BIT:MGS (8/21/2025, 7:00:00 PM)
11.2
+0.2 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.82%
1 Week-3.45%
2 Weeks-20%
1 Month-19.42%
3 Month-10.4%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%6.25%
ATR Inc-77.42%
Range Today0.3
ADR(20)0.39
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High14.3
10 Day Low10.5
20 Day High15.5
20 Day Low10.5
52 Week HighN/A
52 Week LowN/A
CS1 End11.19
CR1 Start11.21
Volume & EV
DER(3)0%
DER(5)0%
Volume1.22K
Volume Incr-57%
Vol(5)3.15K
Vol(50)N/A