ENLIGHT RENEWABLE ENERGY LTD (ENLT) Stock Technical Analysis
NASDAQ:ENLT - Nasdaq - IL0007200111 - Common Stock - Currency: USD
Overall ENLT gets a technical rating of 9 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, ENLT is showing a nice and steady performance.
In the last month ENLT has a been trading in the 24.18 - 27.16 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ENLT did better than 93% of all other stocks.
ENLT is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 77% of 19 stocks in the same industry.
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.
Considerably lower volume is observed in the last couple of days.
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 a support zone below the current price at 24.47, a Stop Loss order could be placed below this zone.
More info and screens
14.50
25.74
We found 5 important support areas.
- A support zone ranging from 24.47 to 24.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.62 from a trend line in the daily time frame.
- Support @16.48 from a horizontal line in the daily time frame.
- Support @15.44 from a trend line in the weekly time frame.
- Support @14.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.30 to 25.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 ENLT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENLT is up. |
| ChartMill Relative Strength | 93.96 | POSITIVE | ENLT has a high relative strength, it outperformed 93.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENLT is below a declining 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) | 51.02 | NEUTRAL | The RSI value for ENLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests ENLT has a negative trend. |
| Stochastics (14,3) | 13.42 | OVERSOLD | The low Stochastics value suggests ENLT may be oversold. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ENLT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.67 | POSITIVE | The high ADX value value for ENLT suggests a strong 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 |
|---|---|---|---|
| 25.50 | 24.46 | 1.04 (4.08%) | 24.52% |
| An entry @25.50. This is a Buy Stop order right above the resistance zone. | An exit @24.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.04 points, which is 4.08%. | When investing 24.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ENLT. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:ENLT (8/1/2025, 8:00:02 PM)
24.48
-0.15 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.61%
1 Week-3.96%
2 Weeks-2.93%
1 Month-2.78%
3 Month47.92%
6 Month54.16%
12 Month67.1%
2 Year50.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%3.09%
ATR Inc-4.37%
Range Today0.79
ADR(20)0.47
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.96
Mansfield3.02
10 Day High27.16
10 Day Low24.18
20 Day High27.16
20 Day Low24.18
52 Week High27.16
52 Week Low14.01
CS1 End24.47
CR1 Start25.3
Volume & EV
DER(3)-0.8%
DER(5)-0.3%
Volume41.00K
Volume Incr-34.55%
Vol(5)21.72K
Vol(50)34.18K