ITALGAS SPA (IG.MI) Stock Technical Analysis
BIT:IG - Euronext Milan - IT0005211237 - Common Stock - Currency: EUR
Taking everything into account, IG scores 8 out of 10 in our technical rating. Although IG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
IG is one of the better performing stocks in the Gas Utilities industry, it outperforms 100% of 4 stocks in the same industry.
IG is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so IG slightly outperforms the market at the moment.
IG has an average volume of 2716770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IG outperforms 67% of them, which is more or less in line with the market.
In the last month IG has a been trading in the 5.79 - 6.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although IG has an excellent technical rating, it does not offer a high 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.
More info and screens
4.66
6.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.69 to 5.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.59 from a trend line in the daily time frame.
- A support zone ranging from 5.29 to 5.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.71 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.12 to 6.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.35
Mansfield1.13
10 Day High6.27
10 Day Low5.89
20 Day High6.27
20 Day Low5.8
52 Week High6.27
52 Week Low4.57
Performance
1 Week-1.7%
2 Weeks2.7%
1 Month4.91%
3 Month9.64%
6 Month20.5%
12 Month13.74%
2 Year8.18%
3 Year4.48%
5 Year21.97%
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)57.91
LBB5.81
UBB6.31
BIT:IG (3/5/2025, 5:21:46 PM)
6.018
+0.04 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.64%
1 Week-1.7%
2 Weeks2.7%
1 Month4.91%
3 Month9.64%
6 Month20.5%
12 Month13.74%
2 Year8.18%
3 Year4.48%
5 Year21.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.88%
ATR Inc29.72%
Range Today0
ADR(20)0.11
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.35
Mansfield1.13
10 Day High6.27
10 Day Low5.89
20 Day High6.27
20 Day Low5.8
52 Week High6.27
52 Week Low4.57
CS1 End5.79
CR1 Start6.12
Volume & EV
DER(3)6.19%
DER(5)3.51%
Volume1.64K
Volume Incr33.32%
Vol(5)4.32M
Vol(50)2.72M