ENI SPA-SPONSORED ADR (E) Technical Analysis
NYSE:E • US26874R1086
Current stock price
E Technical Rating and Analysis
Taking everything into account, E scores 8 out of 10 in our technical rating. In the last year, E was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month E has a been trading in the 50.73 - 58.00 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that E is one of the better performing stocks in the market, outperforming 91% of all 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 81% of 209 stocks in the same industry.
- E is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so E is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
E Weekly and Daily overview Charts
E Setup Rating and Analysis
Besides having an excellent technical rating, E also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 52.24, a Stop Loss order could be placed below this zone.
More info and screens
E Support and Resistance Analysis
35.96
We found 3 important support areas.
- A support zone ranging from 52.24 to 52.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.08 from a trend line in the daily time frame.
- Support @36.32 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 57.11 to 57.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for E is down. |
| ChartMill Relative Strength | 91.63 | POSITIVE | E has a high relative strength, it outperformed 91.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of E is below a declining 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) | 48.68 | NEUTRAL | The RSI value for E is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.78 | NEGATIVE | The MACD value suggests E has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.13 | NEUTRAL | The Stochastics value for E is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for E suggests some volalility. |
| Average Directional Index/ADX (14) | 37.26 | POSITIVE | The high ADX value value for E suggests a strong trend. |
E Chart- and CandleStick Pattern Analysis
E Example Setup
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 |
|---|---|---|---|
| 54.64 | 52.23 | 2.41 (4.41%) | 22.65% |
| An entry @54.64. This is a Buy Stop order right above the 10 day moving average. | An exit @52.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.41 points, which is 4.41%. | When investing 22.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
E Technicals: Chart, Performance Metrics, Trend & Indicators
53.09
+0.54 (+1.03%)
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 8 / 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.
Can you provide the RSI signal for ENI SPA-SPONSORED ADR?
ENI SPA-SPONSORED ADR (E) has an RSI value of 48.6828. This indicates that the stock is currently neutral.
What is the buy/sell signal for E stock?
The buy/sell signal for ENI SPA-SPONSORED ADR (E) is hold as the short term and long term trends are mixed.
What is the support and resistance level for E stock?
ENI SPA-SPONSORED ADR (E) has a support level at 52.24 and a resistance level at 57.11. Check the full technical report for our detailed analysis of E support and resistance levels.