ENEL SPA (ENEL.MI) Stock Technical Analysis
BIT:ENEL - Euronext Milan - IT0003128367 - Common Stock - Currency: EUR
We assign a technical rating of 4 out of 10 to ENEL. ENEL has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month ENEL has a been trading in the 7.81 - 8.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
ENEL 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 ENEL is lagging the market slightly.
ENEL has an average volume of 20087400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, ENEL turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
ENEL is part of the Electric Utilities industry. There are 16 other stocks in this industry, ENEL did better than 60% of them.
Although the technical rating is only medium, ENEL does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 7.91, a Stop Loss order could be placed below this zone.
More info and screens
6.52
8.33
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.86 to 7.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.17 from a trend line in the weekly time frame.
- A support zone ranging from 6.80 to 6.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.59 to 6.68. 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 7.98 to 8.25. This zone is formed by a combination of multiple trend lines and important moving averages 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 ENEL.MI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENEL.MI is down. |
| ChartMill Relative Strength | 62.6 | NEUTRAL | ENEL.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENEL.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ENEL.MI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENEL.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.66 | NEUTRAL | The RSI value for ENEL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ENEL.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.06 | OVERSOLD | The low Stochastics value suggests ENEL.MI may be oversold. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for ENEL.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for ENEL.MI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:ENEL (7/18/2025, 7:00:00 PM)
7.92
+0.03 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.41%
1 Week-0.83%
2 Weeks-2.76%
1 Month-0.91%
3 Month7.43%
6 Month10.68%
12 Month17.4%
2 Year26.28%
3 Year61.34%
5 Year2.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%1.28%
ATR Inc6.64%
Range Today0.1
ADR(20)0.1
ADR(20)%1.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.6
Mansfield0.15
10 Day High8.18
10 Day Low7.81
20 Day High8.29
20 Day Low7.81
52 Week High8.29
52 Week Low6.24
CS1 End7.91
CR1 Start7.98
Volume & EV
DER(3)2.08%
DER(5)2.37%
Volume20.79M
Volume Incr11.24%
Vol(5)20.04M
Vol(50)20.09M