ENLIGHT RENEWABLE ENERGY LTD (ENLT) Technical Analysis
NASDAQ:ENLT • IL0007200111
Current stock price
ENLT Technical Rating and Analysis
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.
- 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!
- Looking at the yearly performance, ENLT did better than 98% of all other stocks. We also observe that the gains produced by ENLT over the past year are nicely spread over this period.
- ENLT is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry. ENLT outperforms 94% of them.
- ENLT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ENLT is performing more or less in line with the market.
- In the last month ENLT has a been trading in the 63.77 - 78.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ENLT Weekly and Daily overview Charts
ENLT Setup Rating and Analysis
ENLT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 66.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ENLT 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.
More info and screens
ENLT Support and Resistance Analysis
63.63
2 important support areas can be observed.
- A support zone ranging from 65.99 to 66.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 64.27 to 64.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @74.18 from a trend line in the daily time frame.
- A resistance zone ranging from 77.31 to 78.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
ENLT 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 ENLT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENLT is neutral. |
| ChartMill Relative Strength | 98.73 | POSITIVE | ENLT has a high relative strength, it outperformed 98.73% 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) | 53.09 | NEUTRAL | The RSI value for ENLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests ENLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.2 | NEUTRAL | The Stochastics value for ENLT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ENLT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.7 | NEGATIVE | The low ADX value for ENLT suggests a weak or negative trend. |
ENLT Chart- and CandleStick Pattern Analysis
ENLT 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 |
|---|---|---|---|
| 74.19 | 65.98 | 8.21 (11.07%) | 9.04% |
| An entry @74.19. This is a Buy Stop order right above the resistance zone. | An exit @65.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.21 points, which is 11.07%. | For a 1.00% total portfolio risk, you can invest 9.04% 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.
ENLT Technicals: Chart, Performance Metrics, Trend & Indicators
71.71
+0.67 (+0.94%)
ENLIGHT RENEWABLE ENERGY LTD / ENLT TA 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 current trend direction of ENLIGHT RENEWABLE ENERGY LTD (ENLT) stock?
The current trend direction for ENLIGHT RENEWABLE ENERGY LTD (ENLT) is Bullish.
What is the RSI signal for ENLT stock?
ENLIGHT RENEWABLE ENERGY LTD (ENLT) has an RSI value of 53.0906. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ENLIGHT RENEWABLE ENERGY LTD?
The short term momentum for ENLIGHT RENEWABLE ENERGY LTD (ENLT) is neutral.
What are the support and resistance levels for ENLIGHT RENEWABLE ENERGY LTD (ENLT) stock?
ENLIGHT RENEWABLE ENERGY LTD (ENLT) has a support level at 66.75 and a resistance level at 74.18. Check the full technical report for our detailed analysis of ENLT support and resistance levels.