ENEL CHILE SA-ADR (ENIC) Stock Technical Analysis
NYSE:ENIC - New York Stock Exchange, Inc. - US29278D1054 - ADR - Currency: USD
We assign a technical rating of 6 out of 10 to ENIC. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ENIC has a been trading in the 3.47 - 3.82 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 81% of all stocks.
ENIC is one of the better performing stocks in the Electric Utilities industry, it outperforms 76% of 47 stocks in the same industry.
ENIC has an average volume of 1144770 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.
ENIC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ENIC is lagging the market slightly.
ENIC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.50, a Stop Loss order could be placed below this zone.
More info and screens
2.82
4.02
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.47 to 3.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.32 from a trend line in the weekly time frame.
- Support @3.08 from a horizontal line in the weekly time frame.
- Support @3.00 from a trend line in the daily time frame.
- Support @2.85 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.57 to 3.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.97 to 3.98. This zone is formed by a combination of multiple trend lines 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 ENIC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENIC is down. |
| ChartMill Relative Strength | 81.68 | POSITIVE | ENIC has a high relative strength, it outperformed 81.68% 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) | 42.68 | 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) | 28 | NEUTRAL | The Stochastics value for ENIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ENIC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.94 | NEGATIVE | The low ADX value for ENIC 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)
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 |
|---|---|---|---|
| 3.62 | 3.46 | 0.16 (4.42%) | 22.63% |
| An entry @3.62. This is a Buy Stop order right above the resistance zone. | An exit @3.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.16 points, which is 4.42%. | When investing 22.63% 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.
3.52
-0.02 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.56%
1 Week-4.61%
2 Weeks-1.95%
1 Month-4.35%
3 Month6.02%
6 Month19.73%
12 Month23.51%
2 Year5.71%
3 Year217.12%
5 Year-6.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%2.75%
ATR Inc-39.22%
Range Today0.05
ADR(20)0.1
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.68
Mansfield1.16
10 Day High3.72
10 Day Low3.47
20 Day High3.82
20 Day Low3.47
52 Week High4.05
52 Week Low2.51
CS1 End3.5
CR1 Start3.57
Volume & EV
DER(3)-1.68%
DER(5)-2.67%
Volume936.00K
Volume Incr-26.86%
Vol(5)1.11M
Vol(50)1.14M