ENEL CHILE SA-ADR (ENIC) Stock Technical Analysis
NYSE:ENIC - New York Stock Exchange, Inc. - US29278D1054 - ADR - Currency: USD
Overall ENIC gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ENIC is showing a nice and steady performance.
In the last month ENIC has a been trading in the 3.52 - 4.05 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ENIC is part of the Electric Utilities industry. There are 46 other stocks in this industry. ENIC outperforms 73% of them.
Looking at the yearly performance, ENIC did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
Volume is considerably higher in the last couple of days.
ENIC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
2.82
4.02
When analyzing the support we can see 4 important areas.
- Support @3.25 from a trend line in the weekly time frame.
- Support @3.08 from a horizontal line in the weekly time frame.
- Support @2.97 from a trend line in the daily time frame.
- Support @2.85 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ENIC is neutral. |
| ChartMill Relative Strength | 85.09 | POSITIVE | ENIC has a high relative strength, it outperformed 85.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ENIC is below 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) | 42.95 | NEUTRAL | The RSI value for ENIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ENIC has a negative trend. |
| Stochastics (14,3) | 7.85 | OVERSOLD | The low Stochastics value suggests ENIC may be oversold. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ENIC suggests some volalility. |
| Average Directional Index/ADX (14) | 24.41 | NEUTRAL | The ADX value for ENIC suggests a possible start of a new 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)
3.55
-0.09 (-2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-2.47%
1 Week-3.27%
2 Weeks-10.13%
1 Month1.14%
3 Month9.23%
6 Month30.51%
12 Month20.75%
2 Year26.79%
3 Year159.12%
5 Year-4.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%3.46%
ATR Inc-7.15%
Range Today0.11
ADR(20)0.11
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.09
Mansfield1.45
10 Day High3.82
10 Day Low3.52
20 Day High4.05
20 Day Low3.52
52 Week High4.05
52 Week Low2.51
CS1 End3.25
CR1 Start3.97
Volume & EV
DER(3)0.5%
DER(5)-3.57%
Volume2.89M
Volume Incr120.81%
Vol(5)2.14M
Vol(50)948.95K