SNAM SPA (SRG.MI) Stock Technical Analysis
BIT:SRG - Euronext Milan - IT0003153415 - Common Stock - Currency: EUR
Overall SRG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SRG has proven to be a steady performer, scoring decent points in every aspect analyzed.
SRG is one of the lesser performing stocks in the Gas Utilities industry. 66% of 4 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SRG is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, SRG also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by SRG, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SRG is leading the market.
In the last month SRG has a been trading in the 4.95 - 5.29 range, which is quite wide. It is currently trading near the high of this range.
SRG has an average volume of 8972100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, SRG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.28. Right above this resistance zone may be a good entry point. 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
4.09
5.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.64 to 4.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.25 to 4.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.13 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.28 to 5.29. 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 | UP | POSITIVE | The short term trend for SRG.MI is up. |
| ChartMill Relative Strength | 80.24 | POSITIVE | SRG.MI has a high relative strength, it outperformed 80.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRG.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRG.MI is above 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) | 66.73 | NEUTRAL | The RSI value for SRG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SRG.MI has a negative trend. |
| Stochastics (14,3) | 89.42 | OVERBOUGHT | The high Stochastics value suggests SRG.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for SRG.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 26.55 | POSITIVE | The high ADX value value for SRG.MI suggests a strong 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)
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 |
|---|---|---|---|
| 5.30 | 5.13 | 0.17 (3.21%) | 25.00% |
| An entry @5.30. This is a Buy Stop order right above the resistance zone. | An exit @5.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.17 points, which is 3.21%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:SRG (5/30/2025, 7:00:00 PM)
5.266
+0.04 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.69%
1 Week0.23%
2 Weeks1.82%
1 Month4.86%
3 Month13.27%
6 Month19.36%
12 Month21.09%
2 Year7.69%
3 Year-2.66%
5 Year25.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%1.39%
ATR Inc14.32%
Range Today0.06
ADR(20)0.07
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.24
Mansfield1.25
10 Day High5.29
10 Day Low5.14
20 Day High5.29
20 Day Low4.95
52 Week High5.29
52 Week Low4.11
CS1 End4.67
CR1 Start5.28
Volume & EV
DER(3)-1.36%
DER(5)0.76%
Volume14.71M
Volume Incr-5.03%
Vol(5)6.78M
Vol(50)8.97M