ERREDUE SPA (RDUE.MI) Stock Technical Analysis
Europe • Euronext Milan • BIT:RDUE • IT0005521247
We assign a technical rating of 3 out of 10 to RDUE. Recently some decent action could be observed, but in the medium term time frame this is still negative. RDUE was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, RDUE is a bad performer in the overall market: 100% of all stocks are doing better.
- RDUE is one of the lesser performing stocks in the Machinery industry. 86% of 112 stocks in the same industry do better.
- Warning: RDUE has an average volume of 8210 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- 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.
- In the last month RDUE has a been trading in the 6.25 - 7.85 range, which is quite wide. It is currently trading near the high of this range.
RDUE has a poor technical rating and the quality of the setup is also not perfect 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
6.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.25 to 7.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.74 to 6.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @6.40 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @7.81 from a horizontal line in the daily time frame.
- Resistance @8.21 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RDUE.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDUE.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | RDUE.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RDUE.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDUE.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.57 | NEUTRAL | The RSI value for RDUE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests RDUE.MI has a positive trend. |
| Stochastics (14,3) | 94.79 | OVERBOUGHT | The high Stochastics value suggests RDUE.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for RDUE.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.52 | NEGATIVE | The low ADX value for RDUE.MI suggests a weak or negative trend. |
BIT:RDUE (1/30/2026, 7:00:00 PM)
7.65
-0.15 (-1.92%)
ERREDUE SPA / RDUE.MI FAQ
What is the ChartMill technical rating of ERREDUE SPA (RDUE.MI) stock?
ChartMill assigns a technical rating of 3 / 10 to RDUE.MI.
Can you provide the trend direction for ERREDUE SPA?
The current trend direction for ERREDUE SPA (RDUE.MI) is Bearish.
What is the RSI signal for RDUE stock?
ERREDUE SPA (RDUE.MI) has an RSI value of 54.5706. This indicates that the stock is currently neutral.
What are the support and resistance levels for ERREDUE SPA (RDUE.MI) stock?
ERREDUE SPA (RDUE.MI) has a support level at 7.46 and a resistance level at 7.81. Check the full technical report for our detailed analysis of RDUE.MI support and resistance levels.