ENI SPA-SPONSORED ADR (E) Stock Technical Analysis
USA - NYSE:E - US26874R1086 - ADR
Overall E gets a technical rating of 10 out of 10. 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.
E has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for E in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
33.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.78 to 36.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.25 to 35.90. 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 37.07 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 | 80.71 | POSITIVE | E has a high relative strength, it outperformed 80.71% 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) | 63.17 | NEUTRAL | The RSI value for E is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests E has a positive trend. |
| Stochastics (14,3) | 83.46 | OVERBOUGHT | The high Stochastics value suggests E may be overbought. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for E suggests low volalility. |
| Average Directional Index/ADX (14) | 22.02 | 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 | 36.77 | 0.39 (1.05%) | 25.00% |
| An entry @37.16. This is a Buy Stop order right above the resistance zone. | An exit @36.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.39 points, which is 1.05%. | For a 0.26% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of E. Please evaluate whether better entry and exit points can be found.
- 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.
37.06
+0.24 (+0.65%)
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.
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 63.1749. 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 0.0593659, 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 36.82 and a resistance level at 37.07. Check the full technical report for our detailed analysis of E support and resistance levels.