SARAS SPA (SRS.MI) Stock Technical Analysis
BIT:SRS - IT0000433307 - Common Stock
1.5975 EUR
+0 (+0.03%)
We assign a technical rating of 1 out of 10 to SRS. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
SRS is part of the Oil, Gas & Consumable Fuels industry. There are 63 other stocks in this industry. SRS outperforms 72% of them.
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 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.
Although the technical rating is bad, SRS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
1.57
1.83
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.
3 important resistance areas can be observed.
- 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.
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. |
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:SRS (9/6/2024, 7:00:00 PM)
1.5975
+0 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.03%
1 Week-0.16%
2 Weeks-0.16%
1 Month-0.22%
3 Month-1.87%
6 Month-8.71%
12 Month20.61%
2 Year63.68%
3 Year89.32%
5 Year1.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%0.15%
ATR Inc-55.13%
Range Today0
ADR(20)0
ADR(20)%0.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.75
Mansfield-0.81
10 Day High1.6
10 Day Low1.59
20 Day High1.6
20 Day Low1.59
52 Week High1.96
52 Week Low1.18
CS1 End1.6
CR1 Start1.6
Volume & EV
DER(3)-0.57%
DER(5)-0.47%
Volume432.99K
Volume Incr-78.33%
Vol(5)795.50K
Vol(50)2.65M