MITTEL SPA (MIT.MI) Stock Technical Analysis
BIT:MIT - Euronext Milan - IT0001447348 - Common Stock - Currency: EUR
Taking everything into account, MIT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MIT 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 MIT is one of the better performing stocks in the market, outperforming 79% of all 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 51 other stocks in this industry. MIT outperforms 76% of them.
MIT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MIT is lagging the market slightly.
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 has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.40
1.91
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.
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. |
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:MIT (3/5/2025, 10:29:18 AM)
1.745
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0%
1 Week0%
2 Weeks-0.29%
1 Month-0.29%
3 Month3.56%
6 Month16.33%
12 Month35.27%
2 Year24.64%
3 Year16.33%
5 Year7.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%0.19%
ATR Inc-100%
Range Today0
ADR(20)0
ADR(20)%0.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.75
Mansfield-0.69
10 Day High1.76
10 Day Low1.75
20 Day High1.76
20 Day Low1.75
52 Week High1.91
52 Week Low1.12
CS1 End1.74
CR1 Start1.75
Volume & EV
DER(3)0%
DER(5)0%
Volume600
Volume Incr-80.65%
Vol(5)15.37K
Vol(50)55.26K