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SNAM SPA (SRG.MI) Stock Technical Analysis

BIT:SRG - Borsa Italiana Milan - IT0003153415 - Common Stock - Currency: EUR

4.52  +0.04 (+0.94%)

Technical Rating and Analysis

6

Taking everything into account, SRG scores 6 out of 10 in our technical rating. In the last year, SRG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

SRG is one of the lesser performing stocks in the Gas Utilities industry. 100% of 4 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
SRG 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 SRG is lagging the market slightly.
In the last month SRG has a been trading in the 4.22 - 4.54 range, which is quite wide. It is currently trading near the high of this range.
SRG has an average volume of 7955060 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, SRG outperforms 44% of them, which is more or less in line with the market.

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Weekly and Daily overview Charts
SNAM SPA / SRG Weekly stock chart
SNAM SPA / SRG Daily stock chart
Setup Rating and Analysis

7

SRG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 4.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.45, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

4.08

4.68

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 4.37 to 4.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 4.25 to 4.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 4.12 to 4.13. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 4.53 to 4.63. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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
CRS44.76
Mansfield-0.62
10 Day High4.54
10 Day Low4.31
20 Day High4.54
20 Day Low4.22
52 Week High4.64
52 Week Low4.11
Performance
1 Week-0.71%
2 Weeks3.75%
1 Month3.01%
3 Month6.16%
6 Month3.13%
12 Month4.41%
2 Year-3.62%
3 Year-9.81%
5 Year0.16%
10 YearN/A
15 YearN/A

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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)

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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)60.53
LBB4.26
UBB4.57

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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
4.644.360.28 (6.03%)16.57%
An entry @4.64. This is a Buy Stop order right above the resistance zone.An exit @4.36. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.28 points, which is 6.03%.For a 1.00% total portfolio risk, you can invest 16.57% 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.

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SNAM SPA / SRG Daily stock chart

SNAM SPA

BIT:SRG (2/5/2025, 5:35:30 PM)

4.52

+0.04 (+0.94%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0.94%
1 Week-0.71%
2 Weeks3.75%
1 Month3.01%
3 Month6.16%
6 Month3.13%
12 Month4.41%
2 Year-3.62%
3 Year-9.81%
5 Year0.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1.64%
ATR Inc-28.62%
Range Today0.06
ADR(20)0.07
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.76
Mansfield-0.62
10 Day High4.54
10 Day Low4.31
20 Day High4.54
20 Day Low4.22
52 Week High4.64
52 Week Low4.11
CS1 End4.45
CR1 Start4.53
Volume & EV
DER(3)-1.18%
DER(5)-0.56%
Volume2.25M
Volume Incr-16.27%
Vol(5)8.08M
Vol(50)7.96M