ENI SPA-SPONSORED ADR (E) Technical Analysis
NYSE:E • US26874R1086
Current stock price
E Technical Rating and Analysis
Taking everything into account, E scores 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that E is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, E also shows a nice and consistent pattern of rising prices.
- E is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 82% of 207 stocks in the same industry.
- E is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so E is leading the market.
- In the last month E has a been trading in the 43.57 - 53.98 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
E Weekly and Daily overview Charts
E Setup Rating and Analysis
Although E has an excellent technical rating, it does not present a decent entry opportunity 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
E Support and Resistance Analysis
35.96
When analyzing the support we can see 3 important areas.
- Support @46.23 from a horizontal line in the daily time frame.
- Support @39.00 from a trend line in the daily time frame.
- A support zone ranging from 36.32 to 36.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
E Technical Indicator Signal Analysis
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 | 93.78 | POSITIVE | E has a high relative strength, it outperformed 93.78% 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) | 81.59 | OVERBOUGHT | The high RSI value suggests E may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests E has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.14 | OVERBOUGHT | The high Stochastics value suggests E may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for E suggests low volalility. |
| Average Directional Index/ADX (14) | 58.53 | POSITIVE | The high ADX value value for E suggests a strong trend. |
E Chart- and CandleStick Pattern Analysis
E Technicals: Chart, Performance Metrics, Trend & Indicators
52.99
-0.71 (-1.32%)
ENI SPA-SPONSORED ADR / E TA 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 81.594. 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 0.462752, indicating a bearish trend.
What is the support and resistance level for E stock?
ENI SPA-SPONSORED ADR (E) has a support level at 46.23. Check the full technical report for our detailed analysis of E support and resistance levels.