SAIPEM SPA (SPM.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:SPM - IT0005495657 - Common Stock
Taking everything into account, SPM scores 3 out of 10 in our technical rating. In the past year, SPM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
SPM has a poor technical rating and the quality of the setup is also only medium 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
1.94
3 important support areas can be observed.
- A support zone ranging from 2.26 to 2.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.20 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.96 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.29 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.45 from a trend line in the weekly time frame.
- Resistance @2.51 from a horizontal line in the weekly time frame.
- Resistance @2.59 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 | NEUTRAL | NEUTRAL | The long term trend for SPM.MI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPM.MI is neutral. |
| ChartMill Relative Strength | 32.6 | NEUTRAL | SPM.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SPM.MI is below the rising 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 | POSITIVE | The current price of SPM.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.21 | NEUTRAL | The RSI value for SPM.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SPM.MI has a positive trend. |
| Stochastics (14,3) | 76.42 | NEUTRAL | The Stochastics value for SPM.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SPM.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.16 | NEGATIVE | The low ADX value for SPM.MI suggests a weak or negative trend. |
BIT:SPM (12/2/2025, 5:35:30 PM)
2.29
-0.09 (-3.66%)
SAIPEM SPA / SPM.MI FAQ
What is the technical rating for SPM stock?
ChartMill assigns a technical rating of 3 / 10 to SPM.MI.
What is the current trend direction of SAIPEM SPA (SPM.MI) stock?
The current trend direction for SAIPEM SPA (SPM.MI) is Bearish.
What is the RSI signal for SAIPEM SPA (SPM.MI) stock?
SAIPEM SPA (SPM.MI) has an RSI value of 58.2122. This indicates that the stock is currently neutral.
What is the short term momentum for SAIPEM SPA (SPM.MI) stock?
The short term momentum for SAIPEM SPA (SPM.MI) is neutral.