ENY Technical Analysis - ENERGY SPA

Technical Rating and Analysis

Taking everything into account, ENY scores 1 out of 10 in our technical rating. ENY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

96% of all other stocks performed better in the past year than ENY.

ENY is part of the Electrical Equipment industry. There are 63 other stocks in this industry, of which 66% are performing better than ENY.

ENY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

In the last month ENY has a been trading in the 0.73 - 0.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ENY has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.70

0.95

3 important support areas can be observed.

Support @0.77 from a trend line in the daily time frame.
Support @0.74 from a horizontal line in the weekly time frame.
Support @0.71 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.90 from a horizontal line in the weekly time frame.
Resistance @0.94 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for ENY.MI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ENY.MI is neutral.
ChartMill Relative Strength	4.49	NEGATIVE	ENY.MI has a low relative strength, it was outperformed by 95.51% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ENY.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ENY.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ENY.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	54.73	NEUTRAL	The RSI value for ENY.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests ENY.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	88.09	OVERBOUGHT	The high Stochastics value suggests ENY.MI may be overbought.
Average True Range in percent/ATR (20)	5.75	HIGH VOLATILITY	The high ATR as a percentage value for ENY.MI suggests high volalility.
Average Directional Index/ADX (14)	18.69	NEGATIVE	The low ADX value for ENY.MI suggests a weak or negative trend.