MITTEL SPA (MIT.MI) Technical Analysis
BIT:MIT • IT0001447348
Current stock price
MIT.MI Technical Rating and Analysis
Taking everything into account, MIT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MIT did better than 79% of all other stocks. On top of that, MIT also shows a nice and consistent pattern of rising prices.
- MIT is part of the Financial Services industry. There are 58 other stocks in this industry. MIT outperforms 91% of them.
- MIT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MIT is performing more or less in line with the market.
- In the last month MIT has a been trading in a tight range between 1.75 and 1.76.
- Considerably lower volume is observed in the last couple of days.
MIT.MI Weekly and Daily overview Charts
MIT.MI Setup Rating and Analysis
MIT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
MIT.MI Support and Resistance Analysis
1.40
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.74 to 1.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.57 from a trend line in the weekly time frame.
- Support @1.53 from a horizontal line in the daily time frame.
- Support @1.49 from a trend line in the daily time frame.
- A support zone ranging from 1.41 to 1.43. 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 1.75 to 1.76. 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 1.89 to 1.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
MIT.MI 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 MIT.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIT.MI is up. |
| ChartMill Relative Strength | 79.75 | POSITIVE | MIT.MI has a high relative strength, it outperformed 79.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MIT.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIT.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIT.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.12 | NEUTRAL | The RSI value for MIT.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MIT.MI has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for MIT.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 34.53 | POSITIVE | The high ADX value value for MIT.MI suggests a strong trend. |
MIT.MI Chart- and CandleStick Pattern Analysis
MIT.MI Technicals: Chart, Performance Metrics, Trend & Indicators
BIT:MIT (3/5/2025, 10:29:18 AM)
1.745
0 (0%)
MITTEL SPA / MIT.MI TA FAQ
What is the ChartMill technical rating of MITTEL SPA (MIT.MI) stock?
ChartMill assigns a technical rating of 9 / 10 to MIT.MI.
What is the trend direction for MIT stock?
The current trend direction for MITTEL SPA (MIT.MI) is Bullish.
What is the RSI signal for MIT stock?
MITTEL SPA (MIT.MI) has an RSI value of 58.1157. This indicates that the stock is currently neutral.
What is the MACD signal for MITTEL SPA (MIT.MI) stock?
The MACD indicator for MITTEL SPA (MIT.MI) has a value of -0.00649696, indicating a bearish trend.
What is the support and resistance level for MIT stock?
MITTEL SPA (MIT.MI) has a support level at 1.74 and a resistance level at 1.75. Check the full technical report for our detailed analysis of MIT.MI support and resistance levels.