ENI SPA-SPONSORED ADR (E) Stock Technical Analysis
USA - NYSE:E - US26874R1086 - ADR
Taking everything into account, E scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, E is showing a nice and steady performance.
E has an excellent technical rating, but the quality of the setup is only medium 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
33.63
We found 2 important support areas.
- A support zone ranging from 34.98 to 35.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.97 to 34.39. 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 36.92 to 37.15. 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 | 77.01 | POSITIVE | E has a high relative strength, it outperformed 77.01% 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) | 60.27 | NEUTRAL | The RSI value for E is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests E has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.81 | OVERBOUGHT | The high Stochastics value suggests E may be overbought. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for E suggests low volalility. |
| Average Directional Index/ADX (14) | 22.57 | NEUTRAL | The ADX value for E suggests a possible start of a new trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.16 | 34.49 | 2.67 (7.19%) | 13.92% |
| An entry @37.16. This is a Buy Stop order right above the resistance zone. | An exit @34.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.67 points, which is 7.19%. | For a 1.00% total portfolio risk, you can invest 13.92% 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.
36.63
-0.28 (-0.76%)
ENI SPA-SPONSORED ADR / E FAQ
Can you provide the ChartMill technical rating for ENI SPA-SPONSORED ADR?
ChartMill assigns a technical rating of 9 / 10 to E.
What is the trend direction for E stock?
The current trend direction for ENI SPA-SPONSORED ADR (E) is Bullish.
What is the RSI signal for ENI SPA-SPONSORED ADR (E) stock?
ENI SPA-SPONSORED ADR (E) has an RSI value of 60.2748. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENI SPA-SPONSORED ADR?
The MACD indicator for ENI SPA-SPONSORED ADR (E) has a value of 0.165236, indicating a bearish trend.
What are the support and resistance levels for ENI SPA-SPONSORED ADR (E) stock?
ENI SPA-SPONSORED ADR (E) has a support level at 35.61 and a resistance level at 36.92. Check the full technical report for our detailed analysis of E support and resistance levels.