ENI SPA-SPONSORED ADR (E) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:E - US26874R1086 - ADR
Overall E gets a technical rating of 9 out of 10. 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.
Besides having an excellent technical rating, E also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 37.62, a Stop Loss order could be placed below this zone.
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33.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 36.93 to 37.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.32 from a horizontal line in the daily time frame.
- Support @35.68 from a trend line in the daily time frame.
- A support zone ranging from 34.02 to 34.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 37.88 to 38.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 39.05 to 39.26. 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 | NEUTRAL | NEUTRAL | The short term trend for E is neutral. |
| ChartMill Relative Strength | 80.51 | POSITIVE | E has a high relative strength, it outperformed 80.51% 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) | 50.74 | NEUTRAL | The RSI value for E is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests E has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.12 | NEUTRAL | The Stochastics value for E is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for E suggests low volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for E suggests a weak or negative 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 |
|---|---|---|---|
| 38.23 | 36.92 | 1.31 (3.43%) | 25.00% |
| An entry @38.23. This is a Buy Stop order right above the resistance zone. | An exit @36.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.31 points, which is 3.43%. | For a 0.86% total portfolio risk, you can invest 25.00% 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.
37.67
+0.35 (+0.94%)
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.
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 50.7434. This indicates that the stock is currently neutral.
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 -0.0845701, indicating a bearish trend.
What is the support and resistance level for E stock?
ENI SPA-SPONSORED ADR (E) has a support level at 37.62 and a resistance level at 37.88. Check the full technical report for our detailed analysis of E support and resistance levels.