SAIPEM SPA (SPM.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:SPM - IT0005495657 - Common Stock
Overall SPM gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SPM is a bad performer.
Although the technical rating is only medium, SPM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.38, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.17
We found 2 important support areas.
- A support zone ranging from 2.32 to 2.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.19 to 2.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @2.43 from a trend line in the weekly time frame.
- Resistance @2.47 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 | 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 | 19.64 | NEGATIVE | SPM.MI has a low relative strength, it was outperformed by 80.36% 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) | 56.22 | NEUTRAL | The RSI value for SPM.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SPM.MI has a positive trend. |
| Stochastics (14,3) | 62.63 | NEUTRAL | The Stochastics value for SPM.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for SPM.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for SPM.MI suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 2.44 | 2.31 | 0.13 (5.33%) | 18.77% |
| An entry @2.44. This is a Buy Stop order right above the resistance zone. | An exit @2.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.13 points, which is 5.33%. | When investing 18.77% 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:SPM (12/30/2025, 5:35:15 PM)
2.425
+0.03 (+1.25%)
SAIPEM SPA / SPM.MI FAQ
What is the technical rating for SPM stock?
ChartMill assigns a technical rating of 6 / 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 Bullish.
What is the RSI signal for SAIPEM SPA (SPM.MI) stock?
SAIPEM SPA (SPM.MI) has an RSI value of 56.2169. 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 positive.
Can you provide the buy/sell signal for SAIPEM SPA?
The buy/sell signal for SAIPEM SPA (SPM.MI) is buy as both the short term and long term trends are positive.