ENEL CHILE SA-ADR (ENIC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ENIC - US29278D1054 - ADR
Taking everything into account, ENIC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ENIC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ENIC is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by ENIC over the past year are nicely spread over this period.
- ENIC is part of the Electric Utilities industry. There are 46 other stocks in this industry. ENIC outperforms 88% of them.
- ENIC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ENIC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ENIC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ENIC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3.06
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.97 to 4.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.81 from a horizontal line in the daily time frame.
- Support @3.73 from a horizontal line in the daily time frame.
- Support @3.50 from a trend line in the weekly time frame.
- Support @3.09 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.39 to 4.40. 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 | UP | POSITIVE | The short term trend for ENIC is up. |
| ChartMill Relative Strength | 87.66 | POSITIVE | ENIC has a high relative strength, it outperformed 87.66% off all stocks 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) | 68.15 | NEUTRAL | The RSI value for ENIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.87 | OVERBOUGHT | The high Stochastics value suggests ENIC may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for ENIC suggests some volalility. |
| Average Directional Index/ADX (14) | 35.11 | POSITIVE | The high ADX value value for ENIC 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 |
|---|---|---|---|
| 4.41 | 4.18 | 0.23 (5.18%) | 19.32% |
| An entry @4.41. This is a Buy Stop order right above the resistance zone. | An exit @4.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 5.18%. | For a 1.00% total portfolio risk, you can invest 19.32% of your capital in this trade. |
- 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.
4.38
+0.01 (+0.23%)
ENEL CHILE SA-ADR / ENIC FAQ
What is the technical rating for ENIC stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
Can you provide the RSI signal for ENEL CHILE SA-ADR?
ENEL CHILE SA-ADR (ENIC) has an RSI value of 68.1472. This indicates that the stock is currently neutral.
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.
What are the support and resistance levels for ENEL CHILE SA-ADR (ENIC) stock?
ENEL CHILE SA-ADR (ENIC) has a support level at 4.03 and a resistance level at 4.39. Check the full technical report for our detailed analysis of ENIC support and resistance levels.