ENI SPA-SPONSORED ADR (E) Stock Technical Analysis
NYSE:E • US26874R1086
We assign a technical rating of 10 out of 10 to E. Both in the recent history as in the last year, E has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, E did better than 86% of all other stocks. We also observe that the gains produced by E over the past year are nicely spread over this period.
- E is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 79% of 206 stocks in the same industry.
- E is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month E has a been trading in the 39.39 - 44.20 range, which is quite wide. It is currently trading near the high of this range.
Although E 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
35.96
When analyzing the support we can see 4 important areas.
- Support @40.79 from a horizontal line in the daily time frame.
- Support @38.46 from a trend line in the daily time frame.
- Support @37.21 from a horizontal line in the daily time frame.
- A support zone ranging from 36.32 to 36.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 44.21 to 44.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 E is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for E is up. |
| ChartMill Relative Strength | 86.94 | POSITIVE | E has a high relative strength, it outperformed 86.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of E is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of E is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of E is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.78 | OVERBOUGHT | The high RSI value suggests E may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests E has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99 | OVERBOUGHT | The high Stochastics value suggests E may be overbought. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for E suggests low volalility. |
| Average Directional Index/ADX (14) | 41.57 | POSITIVE | The high ADX value value for E suggests a strong trend. |
44.2
+0.35 (+0.8%)
ENI SPA-SPONSORED ADR / E FAQ
Can you provide the ChartMill technical rating for ENI SPA-SPONSORED ADR?
ChartMill assigns a technical rating of 10 / 10 to E.
Can you provide the trend direction for ENI SPA-SPONSORED ADR?
The current trend direction for ENI SPA-SPONSORED ADR (E) is Bullish.
What is the RSI signal for E stock?
ENI SPA-SPONSORED ADR (E) has an RSI value of 70.7831. This indicates that the stock is currently overbought.
What is the MACD signal for ENI SPA-SPONSORED ADR (E) stock?
The MACD indicator for ENI SPA-SPONSORED ADR (E) has a value of 0.0930032, indicating a bearish trend.
What is the support and resistance level for E stock?
ENI SPA-SPONSORED ADR (E) has a support level at 40.79 and a resistance level at 44.21. Check the full technical report for our detailed analysis of E support and resistance levels.