ENLIGHT RENEWABLE ENERGY LTD (ENLT) Stock Technical Analysis
USA - NASDAQ:ENLT - IL0007200111 - Common Stock
Overall ENLT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ENLT has proven to be a steady performer, scoring decent points in every aspect analyzed.
ENLT 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. There is very little resistance above the current price.
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14.50
4 important support areas can be observed.
- A support zone ranging from 35.86 to 35.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.74 to 34.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @31.71 from a trend line in the weekly time frame.
- Support @14.65 from a horizontal line in the weekly time frame.
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 ENLT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENLT is up. |
| ChartMill Relative Strength | 96.59 | POSITIVE | ENLT has a high relative strength, it outperformed 96.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.6 | NEUTRAL | The RSI value for ENLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.9 | NEUTRAL | The Stochastics value for ENLT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for ENLT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.88 | NEUTRAL | The ADX value for ENLT suggests a possible start of a new 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 |
|---|---|---|---|
| 39.63 | 35.85 | 3.78 (9.54%) | 10.48% |
| An entry @39.63. This is a Buy Stop order right above the 10 day high. | An exit @35.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.78 points, which is 9.54%. | For a 1.00% total portfolio risk, you can invest 10.48% 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.
37.08
-0.39 (-1.04%)
ENLIGHT RENEWABLE ENERGY LTD / ENLT FAQ
What is the ChartMill technical rating of ENLIGHT RENEWABLE ENERGY LTD (ENLT) stock?
ChartMill assigns a technical rating of 10 / 10 to ENLT.
What is the trend direction for ENLT stock?
The current trend direction for ENLIGHT RENEWABLE ENERGY LTD (ENLT) is Bullish.
Can you provide the RSI signal for ENLIGHT RENEWABLE ENERGY LTD?
ENLIGHT RENEWABLE ENERGY LTD (ENLT) has an RSI value of 58.6032. This indicates that the stock is currently neutral.
What is the short term momentum for ENLT stock?
The short term momentum for ENLIGHT RENEWABLE ENERGY LTD (ENLT) is positive.
What is the support and resistance level for ENLT stock?
ENLIGHT RENEWABLE ENERGY LTD (ENLT) has a support level at 35.95. Check the full technical report for our detailed analysis of ENLT support and resistance levels.