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ASCOPIAVE SPA (ASC.MI) Stock Technical Analysis

BIT:ASC - Borsa Italiana Milan - IT0004093263 - Common Stock - Currency: EUR

2.82  -0.02 (-0.63%)

Technical Rating and Analysis

7

Taking everything into account, ASC scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ASC is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
ASC is part of the Gas Utilities industry. There are 4 other stocks in this industry. ASC outperforms 100% of them.
ASC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ASC is lagging the market slightly.
In the last month ASC has a been trading in the 2.65 - 2.85 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, ASC turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
Weekly and Daily overview Charts
ASCOPIAVE SPA / ASC Weekly stock chart
ASCOPIAVE SPA / ASC Daily stock chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, ASC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ASC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • 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.
Support and Resistance Analysis

2.37

2.97

2 important support areas can be observed.

  • A support zone ranging from 2.61 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @2.39 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 2.88 to 2.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.82
Mansfield0.13
10 Day High2.85
10 Day Low2.71
20 Day High2.85
20 Day Low2.65
52 Week High2.95
52 Week Low2.15
Performance
1 Week3.11%
2 Weeks1.26%
1 Month2.92%
3 Month3.68%
6 Month9.09%
12 Month28.18%
2 Year4.06%
3 Year-20%
5 Year-28.24%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)59.04
LBB2.74
UBB2.84
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
2.862.700.15 (5.43%)18.42%
An entry @2.85. This is a Buy Stop order right above the 10 day high.An exit @2.70. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.15 points, which is 5.43%.For a 1.00% total portfolio risk, you can invest 18.42% 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.
ASCOPIAVE SPA / ASC Daily stock chart

ASCOPIAVE SPA

BIT:ASC (2/5/2025, 5:26:21 PM)

2.82

-0.02 (-0.63%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.63%
1 Week3.11%
2 Weeks1.26%
1 Month2.92%
3 Month3.68%
6 Month9.09%
12 Month28.18%
2 Year4.06%
3 Year-20%
5 Year-28.24%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%1.45%
ATR Inc-13.68%
Range Today0.03
ADR(20)0.04
ADR(20)%1.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.82
Mansfield0.13
10 Day High2.85
10 Day Low2.71
20 Day High2.85
20 Day Low2.65
52 Week High2.95
52 Week Low2.15
CS1 End2.79
CR1 Start2.88
Volume & EV
DER(3)2.68%
DER(5)3.04%
Volume3.67K
Volume Incr-38.08%
Vol(5)17.96K
Vol(50)44.50K