ENEL CHILE SA-ADR (ENIC) Technical Analysis
NYSE:ENIC • US29278D1054
Current stock price
ENIC Technical Rating and Analysis
Overall ENIC gets a technical rating of 8 out of 10. Although ENIC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- ENIC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ENIC has a been trading in the 3.96 - 4.63 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, ENIC outperforms 66% of them, which is more or less in line with the market.
- ENIC is an average performer in the Electric Utilities industry, it outperforms 69% of 47 stocks in the same industry.
ENIC Weekly and Daily overview Charts
ENIC Setup Rating and Analysis
ENIC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.57. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ENIC Support and Resistance Analysis
3.64
We found 3 important support areas.
- A support zone ranging from 3.92 to 3.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.80 to 3.82. This zone is formed by a combination of multiple trend lines 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.
We found 1 important resistance area.
- A resistance zone ranging from 4.57 to 4.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
ENIC 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 ENIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENIC is up. |
| ChartMill Relative Strength | 66.45 | NEUTRAL | ENIC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENIC is above 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) | 55.53 | NEUTRAL | The RSI value for ENIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ENIC has a negative trend. |
| Stochastics (14,3) | 38.42 | NEUTRAL | The Stochastics value for ENIC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ENIC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.57 | NEUTRAL | The ADX value for ENIC suggests a possible start of a new trend. |
ENIC Chart- and CandleStick Pattern Analysis
ENIC Example Setup
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 |
|---|---|---|---|
| 4.62 | 4.32 | 0.30 (6.49%) | 15.40% |
| An entry @4.62. This is a Buy Stop order right above the resistance zone. | An exit @4.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.30 points, which is 6.49%. | When investing 15.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ENIC Technicals: Chart, Performance Metrics, Trend & Indicators
4.47
-0.06 (-1.32%)
ENEL CHILE SA-ADR / ENIC TA FAQ
What is the technical rating for ENIC stock?
ChartMill assigns a technical rating of 8 / 10 to ENIC.
What is the trend direction for ENIC stock?
The current trend direction for ENEL CHILE SA-ADR (ENIC) is Bullish.
What is the RSI signal for ENIC stock?
ENEL CHILE SA-ADR (ENIC) has an RSI value of 55.5292. This indicates that the stock is currently neutral.
What is the short term momentum for ENIC stock?
The short term momentum for ENEL CHILE SA-ADR (ENIC) is positive.
What is the buy/sell signal for ENEL CHILE SA-ADR (ENIC) stock?
The buy/sell signal for ENEL CHILE SA-ADR (ENIC) is buy as both the short term and long term trends are positive.