ENLIGHT RENEWABLE ENERGY LTD (ENLT) Stock Technical Analysis
NASDAQ:ENLT - IL0007200111 - Common Stock
29.1 USD
+0.82 (+2.9%)
29.1 USD
0 (0%)
We assign a technical rating of 10 out of 10 to ENLT. 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.
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 ENLT is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, ENLT also shows a nice and consistent pattern of rising prices.
ENLT is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry. ENLT outperforms 73% of them.
ENLT 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.
In the last month ENLT has a been trading in the 23.30 - 29.50 range, which is quite wide. It is currently trading near the high of this range.
Although ENLT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.50
29.39
We found 5 important support areas.
- A support zone ranging from 27.63 to 27.84. 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 26.72 to 27.02. 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 25.57 to 25.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.61 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 | 93.92 | POSITIVE | ENLT has a high relative strength, it outperformed 93.92% 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) | 66.54 | NEUTRAL | The RSI value for ENLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ENLT has a positive trend. |
| Stochastics (14,3) | 86.64 | OVERBOUGHT | The high Stochastics value suggests ENLT may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ENLT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.39 | NEUTRAL | The ADX value for ENLT 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)
29.1
+0.82 (+2.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg2.9%
1 Week2.46%
2 Weeks11.79%
1 Month24.68%
3 Month47.72%
6 Month75.2%
12 Month83.71%
2 Year85.47%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%2.9%
ATR Inc10.36%
Range Today1.18
ADR(20)0.56
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.92
Mansfield4.33
10 Day High29.5
10 Day Low26.27
20 Day High29.5
20 Day Low23.3
52 Week High29.5
52 Week Low14.01
CS1 End27.84
CR1 StartN/A
Volume & EV
DER(3)-0.4%
DER(5)-1.14%
Volume42.10K
Volume Incr-40.54%
Vol(5)21.56K
Vol(50)32.01K