ARNOLDO MONDADORI EDITORE (MN.MI) Stock Technical Analysis
BIT:MN - Euronext Milan - IT0001469383 - Common Stock - Currency: EUR
Overall MN gets a technical rating of 4 out of 10. MN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, MN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.15, a Stop Loss order could be placed below this zone.
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1.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.12 to 2.15. 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 2.00. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.20 to 2.23. 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 | NEUTRAL | NEUTRAL | The long term trend for MN.MI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MN.MI is neutral. |
| ChartMill Relative Strength | 34.88 | NEUTRAL | MN.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MN.MI is below 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 | NEGATIVE | The current price of MN.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.28 | NEUTRAL | The RSI value for MN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MN.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.39 | OVERSOLD | The low Stochastics value suggests MN.MI may be oversold. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for MN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for MN.MI suggests a weak or negative trend. |
BIT:MN (5/30/2025, 7:00:00 PM)
2.155
+0.05 (+2.62%)