ENEL CHILE SA-ADR (ENIC) Stock Technical Analysis
NYSE:ENIC • US29278D1054
Taking everything into account, ENIC scores 6 out of 10 in our technical rating. ENIC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month ENIC has a been trading in the 3.91 - 4.51 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 ENIC is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by ENIC over the past year are nicely spread over this period.
- ENIC is one of the better performing stocks in the Electric Utilities industry, it outperforms 75% of 46 stocks in the same industry.
- ENIC 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 ENIC is lagging the market slightly.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ENIC has an average technical rating and it also 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
3.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.12 to 4.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.68 to 3.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.55 from a trend line in the weekly time frame.
- Support @3.09 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.14 to 4.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.28 to 4.39. 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 | NEUTRAL | NEUTRAL | The long term trend for ENIC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENIC is down. |
| ChartMill Relative Strength | 74.22 | POSITIVE | ENIC has a high relative strength, it outperformed 74.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENIC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ENIC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.22 | NEUTRAL | The RSI value for ENIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ENIC has a negative trend. |
| Stochastics (14,3) | 28.2 | NEUTRAL | The Stochastics value for ENIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ENIC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for ENIC suggests a possible start of a new trend. |
4.14
-0.08 (-1.9%)
ENEL CHILE SA-ADR / ENIC FAQ
What is the technical rating for ENIC stock?
ChartMill assigns a technical rating of 6 / 10 to ENIC.
What is the current trend direction of ENEL CHILE SA-ADR (ENIC) stock?
The current trend direction for ENEL CHILE SA-ADR (ENIC) is Bearish.
Can you provide the RSI signal for ENEL CHILE SA-ADR?
ENEL CHILE SA-ADR (ENIC) has an RSI value of 41.2231. This indicates that the stock is currently neutral.
What are the support and resistance levels for ENEL CHILE SA-ADR (ENIC) stock?
ENEL CHILE SA-ADR (ENIC) has a support level at 4.14 and a resistance level at 4.14. Check the full technical report for our detailed analysis of ENIC support and resistance levels.