STAR7 Technical Analysis - STAR7 S.P.A.

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to STAR7. STAR7 performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, STAR7 is a bad performer in the overall market: 100% of all stocks are doing better.

STAR7 is part of the Commercial Services & Supplies industry. There are 41 other stocks in this industry, of which 95% are performing better than STAR7.

STAR7 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: STAR7 has an average volume of 4271 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of STAR7 is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.59

6.73

We can see 4 important resistance areas.

A resistance zone ranging from 5.74 to 5.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @5.97 from a trend line in the daily time frame.
A resistance zone ranging from 6.10 to 6.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 6.54 to 6.66. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for STAR7.MI is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for STAR7.MI is down.
ChartMill Relative Strength	0	NEGATIVE	STAR7.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of STAR7.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of STAR7.MI is below a declining SMA(50).
Relative Strength Index/RSI (14)	41.23	NEUTRAL	The RSI value for STAR7.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests STAR7.MI has a negative trend.
Stochastics (14,3)	21	NEUTRAL	The Stochastics value for STAR7.MI is a neutral value.
Average True Range in percent/ATR (20)	5.38	HIGH VOLATILITY	The high ATR as a percentage value for STAR7.MI suggests high volalility.
Average Directional Index/ADX (14)	12.04	NEGATIVE	The low ADX value for STAR7.MI suggests a weak or negative trend.