PLANETEL SPA (PLN.MI) Stock Technical Analysis
BIT:PLN - Euronext Milan - IT0005430951 - Common Stock - Currency: EUR
We assign a technical rating of 1 out of 10 to PLN. PLN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, PLN is a bad performer in the overall market: 100% of all stocks are doing better.
PLN is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 93% of 30 stocks in the same industry do better.
In the last month PLN has a been trading in the 3.70 - 4.84 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
The technical rating of PLN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.86
4.51
We can see 2 important resistance areas.
- A resistance zone ranging from 4.23 to 4.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.47 from a horizontal line in the daily time frame.
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 PLN.MI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLN.MI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | PLN.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLN.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 39.34 | NEUTRAL | The RSI value for PLN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PLN.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.65 | NEUTRAL | The Stochastics value for PLN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for PLN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 36.03 | POSITIVE | The high ADX value value for PLN.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:PLN (6/12/2025, 7:00:00 PM)
3.9
-0.1 (-2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-2.5%
1 Week0.52%
2 Weeks-1.52%
1 Month-19.42%
3 Month-37.6%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%4.97%
ATR Inc-52.17%
Range Today0
ADR(20)0.06
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High4.48
10 Day Low3.7
20 Day High4.84
20 Day Low3.7
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start4.23
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-43.55%
Vol(5)1.75K
Vol(50)N/A