SNAM SPA (SRG.MI) Stock Technical Analysis
Europe - BIT:SRG - IT0003153415 - Common Stock
5.066 EUR
-0.04 (-0.78%)
We assign a technical rating of 3 out of 10 to SRG. SRG has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
SRG is one of the lesser performing stocks in the Gas Utilities industry. 100% of 4 stocks in the same industry do better.
SRG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SRG is lagging the market slightly.
SRG has an average volume of 4537020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, SRG turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
In the last month SRG has a been trading in a tight range between 5.04 and 5.31.
Although the technical rating is bad, SRG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 5.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SRG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.09
5.37
We found 4 important support areas.
- A support zone ranging from 4.98 to 5.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.42 to 4.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.25 from a horizontal line in the weekly time frame.
- Support @4.13 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.12 to 5.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.27 to 5.32. 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 SRG.MI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRG.MI is down. |
| ChartMill Relative Strength | 45.15 | NEUTRAL | SRG.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRG.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SRG.MI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SRG.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.19 | NEUTRAL | The RSI value for SRG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SRG.MI has a negative trend. |
| Stochastics (14,3) | 24.19 | NEUTRAL | The Stochastics value for SRG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for SRG.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for SRG.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:SRG (9/16/2025, 7:00:00 PM)
5.066
-0.04 (-0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.78%
1 Week-0.94%
2 Weeks-0.59%
1 Month-1.86%
3 Month-3.14%
6 Month9.18%
12 Month12.45%
2 Year13.87%
3 Year22.19%
5 Year15.42%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%1.21%
ATR Inc9.22%
Range Today0.07
ADR(20)0.06
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.15
Mansfield-0.43
10 Day High5.22
10 Day Low5.04
20 Day High5.31
20 Day Low5.04
52 Week High5.32
52 Week Low4.16
CS1 End5
CR1 Start5.12
Volume & EV
DER(3)0.38%
DER(5)3.27%
Volume5.05M
Volume Incr6.22%
Vol(5)4.56M
Vol(50)4.54M