ENI SPA-SPONSORED ADR (E) Technical Analysis
NYSE:E • US26874R1086
Current stock price
E Technical Rating and Analysis
Overall E gets a technical rating of 10 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that E is one of the better performing stocks in the market, outperforming 94% 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 78% of 209 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 45.96 - 55.38 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.
E Weekly and Daily overview Charts
E Setup Rating and Analysis
Although E has an excellent technical rating, it does not offer a high quality setup 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
4 important support areas can be observed.
- A support zone ranging from 53.27 to 53.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @52.36 from a horizontal line in the daily time frame.
- Support @39.33 from a trend line in the daily time frame.
- Support @36.32 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.23 to 55.23. 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 | UP | POSITIVE | The short term trend for E is up. |
| ChartMill Relative Strength | 94.53 | POSITIVE | E has a high relative strength, it outperformed 94.53% 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) | 74.75 | OVERBOUGHT | The high RSI value suggests E may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests E has a positive trend. |
| Stochastics (14,3) | 87.73 | OVERBOUGHT | The high Stochastics value suggests E may be overbought. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for E suggests some volalility. |
| Average Directional Index/ADX (14) | 56.87 | 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
55.22
+1.12 (+2.07%)
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 74.7525. 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 0.0702565, indicating a bearish trend.
What is the support and resistance level for E stock?
ENI SPA-SPONSORED ADR (E) has a support level at 53.65 and a resistance level at 55.23. Check the full technical report for our detailed analysis of E support and resistance levels.