SARAS SPA (SRS.MI) Technical Analysis
BIT:SRS • IT0000433307
Current stock price
SRS.MI Technical Rating and Analysis
Taking everything into account, SRS scores 1 out of 10 in our technical rating. SRS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- SRS has an average volume of 2649580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, SRS turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- SRS is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 41% of 75 stocks in the same industry.
- SRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SRS is lagging the market.
- In the last month SRS has a been trading in a tight range between 1.59 and 1.60.
- Considerably lower volume is observed in the last couple of days.
SRS.MI Weekly and Daily overview Charts
SRS.MI Setup Rating and Analysis
Although the technical rating is bad, SRS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.60, a Stop Loss order could be placed below this zone.
More info and screens
SRS.MI Support and Resistance Analysis
1.57
We found 1 important support area.
- A support zone ranging from 1.59 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.60 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.75 to 1.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1.80 to 1.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
SRS.MI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for SRS.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRS.MI is down. |
| ChartMill Relative Strength | 60.75 | NEUTRAL | SRS.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRS.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SRS.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SRS.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.97 | NEUTRAL | The RSI value for SRS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SRS.MI has a positive trend. |
| Stochastics (14,3) | 35.56 | NEUTRAL | The Stochastics value for SRS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for SRS.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 54.89 | POSITIVE | The high ADX value value for SRS.MI suggests a strong trend. |
SRS.MI Chart- and CandleStick Pattern Analysis
SRS.MI Technicals: Chart, Performance Metrics, Trend & Indicators
BIT:SRS (9/6/2024, 7:00:00 PM)
1.5975
+0 (+0.03%)
SARAS SPA / SRS.MI TA FAQ
What is the technical rating for SRS stock?
ChartMill assigns a technical rating of 1 / 10 to SRS.MI.
What is the current trend direction of SARAS SPA (SRS.MI) stock?
The current trend direction for SARAS SPA (SRS.MI) is Bearish.
What is the RSI signal for SARAS SPA (SRS.MI) stock?
SARAS SPA (SRS.MI) has an RSI value of 34.9686. This indicates that the stock is currently neutral.
What is the MACD signal for SARAS SPA (SRS.MI) stock?
The MACD indicator for SARAS SPA (SRS.MI) has a value of 0.000423168, indicating a bearish trend.
What is the short term momentum for SRS stock?
The short term momentum for SARAS SPA (SRS.MI) is negative.