SAIPEM SPA (SPM.MI) Stock Technical Analysis
Europe • Euronext Milan • BIT:SPM • IT0005495657
We assign a technical rating of 9 out of 10 to SPM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPM is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- SPM is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 91% of 36 stocks in the same industry.
- SPM is currently making a new 52 week high. This is a strong signal, definitely because the S&P500 Index is trading in the lower area of its yearly range.
- In the last month SPM has a been trading in the 2.50 - 3.17 range, which is quite wide. It is currently trading near the high of this range.
- SPM has an average volume of 40676500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that SPM is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
We found 4 important support areas.
- A support zone ranging from 2.41 to 2.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.34 from a horizontal line in the daily time frame.
- Support @2.27 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 | 88.75 | POSITIVE | SPM.MI has a high relative strength, it outperformed 88.75% 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) | 85.16 | OVERBOUGHT | The high RSI value suggests SPM.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SPM.MI has a positive trend. |
| Stochastics (14,3) | 93.17 | OVERBOUGHT | The high Stochastics value suggests SPM.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for SPM.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 49 | POSITIVE | The high ADX value value for SPM.MI suggests a strong trend. |
BIT:SPM (2/2/2026, 7:00:00 PM)
3.168
+0.06 (+1.9%)
SAIPEM SPA / SPM.MI FAQ
What is the technical rating for SPM stock?
ChartMill assigns a technical rating of 9 / 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 85.1602. 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 2.44. Check the full technical report for our detailed analysis of SPM.MI support and resistance levels.