MITTEL SPA (MIT.MI) Stock Technical Analysis
Europe - BIT:MIT - IT0001447348 - Common Stock
Overall MIT gets a technical rating of 9 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, MIT is showing a nice and steady performance.
MIT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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1.40
We found 5 important support 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.
When analyzing the resistance we notice 2 important 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. |
BIT:MIT (3/5/2025, 10:29:18 AM)
1.745
0 (0%)
MITTEL SPA / MIT.MI 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 current trend direction of MITTEL SPA (MIT.MI) 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.
Can you provide the short term momentum for MITTEL SPA?
The short term momentum for MITTEL SPA (MIT.MI) is positive.
What is the buy/sell signal for MITTEL SPA (MIT.MI) stock?
The buy/sell signal for MITTEL SPA (MIT.MI) is buy as both the short term and long term trends are positive.