SOL SPA (SOL.MI) Stock Technical Analysis
BIT:SOL - Euronext Milan - IT0001206769 - Common Stock - Currency: EUR
We assign a technical rating of 9 out of 10 to SOL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOL is showing a nice and steady performance.
Warning: SOL has an average volume of 27796 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, SOL did better than 85% of all other stocks. On top of that, SOL also shows a nice and consistent pattern of rising prices.
SOL is one of the better performing stocks in the Chemicals industry, it outperforms 86% of 68 stocks in the same industry.
SOL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SOL has a been trading in the 46.10 - 49.20 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, SOL also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 48.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.87, a Stop Loss order could be placed below this zone.
More info and screens
33.41
49.20
We found 4 important support areas.
- A support zone ranging from 46.33 to 47.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.52 from a trend line in the weekly time frame.
- Support @36.36 from a trend line in the weekly time frame.
- Support @33.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.71 to 48.71. 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 | UP | POSITIVE | The long term trend for SOL.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOL.MI is neutral. |
| ChartMill Relative Strength | 85.85 | POSITIVE | SOL.MI has a high relative strength, it outperformed 85.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOL.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOL.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOL.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.85 | NEUTRAL | The RSI value for SOL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SOL.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.6 | NEUTRAL | The Stochastics value for SOL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SOL.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.43 | NEUTRAL | The ADX value for SOL.MI suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.72 | 46.09 | 2.63 (5.40%) | 18.52% |
| An entry @48.72. This is a Buy Stop order right above the resistance zone. | An exit @46.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.63 points, which is 5.40%. | When investing 18.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:SOL (8/5/2025, 7:00:00 PM)
48.7
+0.7 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.46%
1 Week0.41%
2 Weeks2.2%
1 Month0.1%
3 Month13.79%
6 Month24.08%
12 Month43.24%
2 Year92.3%
3 Year173.29%
5 Year348.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%2.05%
ATR Inc38.06%
Range Today0.95
ADR(20)0.99
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.85
Mansfield1.56
10 Day High48.9
10 Day Low46.1
20 Day High49.2
20 Day Low46.1
52 Week High49.2
52 Week Low31.35
CS1 End47.87
CR1 Start48.71
Volume & EV
DER(3)-0.2%
DER(5)-0.74%
Volume19.49K
Volume Incr19.3%
Vol(5)23.43K
Vol(50)27.80K