ENEL SPA (ENEL.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:ENEL - IT0003128367 - Common Stock
Taking everything into account, ENEL scores 7 out of 10 in our technical rating. In the last year, ENEL was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, ENEL 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.
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7.49
When analyzing the support we can see 3 important areas.
- Support @8.30 from a trend line in the daily time frame.
- Support @8.14 from a trend line in the weekly time frame.
- A support zone ranging from 7.57 to 7.78. 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 8.86 to 9.08. 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 | NEUTRAL | NEUTRAL | The short term trend for ENEL.MI is neutral. |
| ChartMill Relative Strength | 74.03 | POSITIVE | ENEL.MI has a high relative strength, it outperformed 74.03% off all stocks 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 | POSITIVE | The current price of ENEL.MI is above 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) | 48.14 | 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. |
| Stochastics (14,3) | 22.39 | NEUTRAL | The Stochastics value for ENEL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for ENEL.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 26.24 | POSITIVE | The high ADX value value for ENEL.MI suggests a strong 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 |
|---|---|---|---|
| 8.87 | 8.72 | 0.15 (1.67%) | 25.00% |
| An entry @8.87. This is a Buy Stop order right above the 10 day moving average. | An exit @8.72. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.15 points, which is 1.67%. | For a 0.42% 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 ENEL. 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.
BIT:ENEL (12/5/2025, 7:00:00 PM)
8.773
-0.05 (-0.56%)
ENEL SPA / ENEL.MI FAQ
Can you provide the ChartMill technical rating for ENEL SPA?
ChartMill assigns a technical rating of 7 / 10 to ENEL.MI.
What is the trend direction for ENEL stock?
The current trend direction for ENEL SPA (ENEL.MI) is Bullish.
What is the RSI signal for ENEL stock?
ENEL SPA (ENEL.MI) has an RSI value of 48.1385. This indicates that the stock is currently neutral.
What is the short term momentum for ENEL stock?
The short term momentum for ENEL SPA (ENEL.MI) is neutral.
What are the support and resistance levels for ENEL SPA (ENEL.MI) stock?
ENEL SPA (ENEL.MI) has a support level at 8.3 and a resistance level at 8.86. Check the full technical report for our detailed analysis of ENEL.MI support and resistance levels.