MN Technical Analysis - ARNOLDO MONDADORI EDITORE

Technical Rating and Analysis

Overall MN gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MN was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, MN is a bad performer in the overall market: 76% of all stocks are doing better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

MN is an average performer in the Media industry, it outperforms 63% of 64 stocks in the same industry.

MN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MN is lagging the market.

In the last month MN has a been trading in a tight range between 2.06 and 2.14.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARNOLDO MONDADORI EDITORE / MN Weekly stock chart

ARNOLDO MONDADORI EDITORE / MN Daily stock chart

Setup Rating and Analysis

MN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.13, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.98

2.25

2 important support areas can be observed.

A support zone ranging from 2.07 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 2.00 to 2.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 2.16 to 2.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 2.23 to 2.23. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for MN.MI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MN.MI is up.
ChartMill Relative Strength	24.46	NEGATIVE	MN.MI has a low relative strength, it was outperformed by 75.54% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MN.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MN.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of MN.MI is above a declining SMA(200).
Relative Strength Index/RSI (14)	59.56	NEUTRAL	The RSI value for MN.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests MN.MI has a positive trend.
Stochastics (14,3)	86.32	OVERBOUGHT	The high Stochastics value suggests MN.MI may be overbought.
Average True Range in percent/ATR (20)	1.58	LOW VOLATILITY	The low ATR as a percentage value for MN.MI suggests low volalility.
Average Directional Index/ADX (14)	11.69	NEGATIVE	The low ADX value for MN.MI suggests a weak or negative trend.