MITTEL SPA (MIT.MI) Technical Analysis
BIT:MIT • IT0001447348
Current stock price
MIT.MI Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to MIT. 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 one of the better performing stocks in the Financial Services industry, it outperforms 90% of 55 stocks in the same industry.
- 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.MI Weekly and Daily overview Charts
MIT.MI Setup Rating and Analysis
Besides having an excellent technical rating, MIT 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.
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.
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 MITTEL SPA (MIT.MI) stock?
MITTEL SPA (MIT.MI) has an RSI value of 58.1157. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MITTEL SPA?
The buy/sell signal for MITTEL SPA (MIT.MI) is buy as both the short term and long term trends are positive.
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.