SAIPEM SPA (SPM.MI) Stock Technical Analysis
BIT:SPM - Euronext Milan - IT0005495657 - Common Stock - Currency: EUR
Overall SPM gets a technical rating of 3 out of 10. In the last year, SPM was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
SPM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
SPM has an average volume of 41100900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, SPM outperforms 55% of them, which is more or less in line with the market.
SPM is an average performer in the Energy Equipment & Services industry, it outperforms 55% of 35 stocks in the same industry.
SPM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SPM is lagging the market.
SPM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.24, a Stop Loss order could be placed below this zone.
More info and screens
1.81
2.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.21 to 2.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.83 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.33 to 2.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.41 to 2.45. 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 SPM.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPM.MI is down. |
| ChartMill Relative Strength | 55.89 | NEUTRAL | SPM.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPM.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SPM.MI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SPM.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.66 | NEUTRAL | The RSI value for SPM.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPM.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.95 | OVERSOLD | The low Stochastics value suggests SPM.MI may be oversold. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SPM.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 11.7 | NEGATIVE | The low ADX value for SPM.MI suggests a weak or negative 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:SPM (8/11/2025, 10:52:48 AM)
2.245
-0.01 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.66%
1 Week1.16%
2 Weeks-2.04%
1 Month-5.87%
3 Month3.76%
6 Month-1.82%
12 Month14.14%
2 Year51.58%
3 Year222.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%2.69%
ATR Inc-38.88%
Range Today0.03
ADR(20)0.06
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.89
Mansfield-0.66
10 Day High2.37
10 Day Low2.2
20 Day High2.54
20 Day Low2.2
52 Week High2.8
52 Week Low1.59
CS1 End2.24
CR1 Start2.33
Volume & EV
DER(3)-0.28%
DER(5)-0.42%
Volume679.08K
Volume Incr-34.69%
Vol(5)26.87M
Vol(50)41.10M