SARAS SPA (SRS.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:SRS - IT0000433307 - Common Stock
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.
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.
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1.57
When analyzing the support we notice one important 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.
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. |
BIT:SRS (9/6/2024, 7:00:00 PM)
1.5975
+0 (+0.03%)
SARAS SPA / SRS.MI FAQ
What is the technical rating for SRS stock?
ChartMill assigns a technical rating of 1 / 10 to SRS.MI.
Can you provide the trend direction for SARAS SPA?
The current trend direction for SARAS SPA (SRS.MI) is Bearish.
What is the RSI signal for SRS stock?
SARAS SPA (SRS.MI) has an RSI value of 34.9686. This indicates that the stock is currently neutral.
What is the short term momentum for SRS stock?
The short term momentum for SARAS SPA (SRS.MI) is negative.
What are the support and resistance levels for SARAS SPA (SRS.MI) stock?
SARAS SPA (SRS.MI) has a support level at 1.6 and a resistance level at 1.6. Check the full technical report for our detailed analysis of SRS.MI support and resistance levels.