SAIPEM SPA (SPM.MI) Stock Technical Analysis
BIT:SPM - Euronext Milan - IT0005495657 - Common Stock - Currency: EUR
We assign a technical rating of 5 out of 10 to SPM. Recently some decent action could be observed, but in the medium term time frame this is still negative. SPM was also a bad performer in the overall market in the last year.
64% of all other stocks performed better in the past year than SPM.
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.
SPM is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 70% of 35 stocks in the same industry.
SPM has an average volume of 45830600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SPM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPM is lagging the market slightly.
In the last month SPM has a been trading in the 2.00 - 2.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPM has an average technical rating and also the quality of the setup is 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
1.74
2.36
3 important support areas can be observed.
- A support zone ranging from 2.11 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.04 to 2.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.76 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.22 to 2.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.29 from a horizontal line in the daily time frame.
- Resistance @2.34 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 | UP | POSITIVE | The short term trend for SPM.MI is up. |
| ChartMill Relative Strength | 36.18 | NEUTRAL | SPM.MI is not amongst the best or worst performers 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 | MIXED | The current price of SPM.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.37 | NEUTRAL | The RSI value for SPM.MI is a neutral value. |
| 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) | 56.14 | NEUTRAL | The Stochastics value for SPM.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for SPM.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.25 | 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 (5/30/2025, 5:10:53 PM)
2.188
+0.01 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.6%
1 Week4.77%
2 Weeks-4.19%
1 Month6.57%
3 Month-1.23%
6 Month-10.9%
12 Month-4.86%
2 Year83.85%
3 Year-61.33%
5 Year1.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%2.77%
ATR Inc-24.04%
Range Today0.05
ADR(20)0.05
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.18
Mansfield-0.43
10 Day High2.29
10 Day Low2
20 Day High2.3
20 Day Low2
52 Week High2.8
52 Week Low1.59
CS1 End2.15
CR1 Start2.22
Volume & EV
DER(3)-0.01%
DER(5)0.33%
Volume4.65M
Volume Incr11.45%
Vol(5)47.43M
Vol(50)45.83M