IMA S.p.A. : chart update.

With a weekly chart, we can get an overview of the stock.

We can notice the break of the uptrend (mid/long-term): see the dotted line. Now, we are at the test of the 61.80% FIBO level that it is also the previous resistance (see the rectangle). The last one could represent a new support (maybe, let's look at the next trading sessions). 

It is interesting also to see the volatility exhaust, marked by the BB: the stock is on the lower side of the band and it could be a rebound (see the previous ones and the yellow circled area, from overbought to oversold and vice-versa, of the RSI). However, it is too early to speak about a trend change for the above reasons. It needs other confirmations. According to me, at now, it is only a break in the downtrend.

Chart from Investing.com

It is premature to buy on the basis of technical conditions (see the MOMENTUM, MACD and EMA bundle 20-50-100) although it can be a good price on the basis of fundamental analysis (see the previous article, https://michelecarollo.blogspot.com/2018/11/ima-spa-relative-valuation.html, "The price still could go down for the reason that the trend is clearly bearish. However, the current market price is beginning to be interesting.").

Chart from Investing.com

The view is the same if we use a smaller time frame, like a daily chart: see the following image. 

Chart from Investing.com