SAIPEM SPA (SPM.MI) Stock Technical Analysis
BIT:SPM • IT0005495657
We assign a technical rating of 10 out of 10 to SPM. Both in the recent history as in the last year, SPM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SPM is one of the better performing stocks in the market, outperforming 93% of all stocks.
- SPM is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 91% of 36 stocks in the same industry.
- A new 52 week high is currently being made by SPM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SPM has a been trading in the 3.02 - 3.60 range, which is quite wide. It is currently trading near the high of this range.
- SPM has an average volume of 40597300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although SPM has an excellent technical rating, it does not offer a high 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
2.19
6 important support areas can be observed.
- Support @3.10 from a horizontal line in the daily time frame.
- Support @2.52 from a trend line in the daily time frame.
- Support @2.46 from a trend line in the weekly time frame.
- Support @2.34 from a horizontal line in the daily time frame.
- Support @2.30 from a trend line in the daily time frame.
- A support zone ranging from 2.21 to 2.23. 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 SPM.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPM.MI is up. |
| ChartMill Relative Strength | 93.34 | POSITIVE | SPM.MI has a high relative strength, it outperformed 93.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPM.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPM.MI is above 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) | 78.75 | OVERBOUGHT | The high RSI value suggests SPM.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SPM.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.47 | OVERBOUGHT | The high Stochastics value suggests SPM.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for SPM.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 59.14 | POSITIVE | The high ADX value value for SPM.MI suggests a strong trend. |
BIT:SPM (2/27/2026, 5:36:15 PM)
3.571
+0.09 (+2.61%)
SAIPEM SPA / SPM.MI FAQ
What is the technical rating for SPM stock?
ChartMill assigns a technical rating of 10 / 10 to SPM.MI.
Can you provide the trend direction for SAIPEM SPA?
The current trend direction for SAIPEM SPA (SPM.MI) is Bullish.
What is the RSI signal for SAIPEM SPA (SPM.MI) stock?
SAIPEM SPA (SPM.MI) has an RSI value of 78.7498. This indicates that the stock is currently overbought.
What is the short term momentum for SPM stock?
The short term momentum for SAIPEM SPA (SPM.MI) is positive.
What is the support and resistance level for SPM stock?
SAIPEM SPA (SPM.MI) has a support level at 3.1. Check the full technical report for our detailed analysis of SPM.MI support and resistance levels.