ENI

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ENI
ISIN:	IT0003132476

ENI - 1H - Technical analysis published on 03/29/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

39%

My opinion

Bullish above 12.280 EUR

My targets

12.667 EUR (+1.13%)

12.908 EUR (+3.05%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on ENI. This is a positive signal for buyers. As long as the price remains above 12.280 EUR, a purchase could be considered. The first bullish objective is located at 12.667 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.908 EUR as an objective. Crossing it would then enable buyers to target 13.057 EUR. In the event of a return below 12.280 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ENI price is 12.526 EUR. On the day, this instrument lost -0.16% with the lowest point at 12.472 EUR and the highest point at 12.626 EUR. The deviation from the price is +0.43% for the low point and -0.79% for the high point.

12.472

12.626

12.526

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this 1H chart of ENI indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.940	12.280	12.472	12.526	12.667	12.908	13.057
Change (%)	-4.68%	-1.96%	-0.43%	-	+1.13%	+3.05%	+4.24%
Change	-0.586	-0.246	-0.054	-	+0.141	+0.382	+0.531
Level	Major	Major	Minor	-	Major	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.280	12.358	12.452	12.530	12.624	12.702	12.796
Camarilla	12.499	12.515	12.530	12.546	12.562	12.578	12.593
Woodie	12.288	12.362	12.460	12.534	12.632	12.706	12.804
Fibonacci	12.358	12.424	12.464	12.530	12.596	12.636	12.702

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.680	11.184	11.678	12.182	12.676	13.180	13.674
Camarilla	11.898	11.989	12.081	12.172	12.264	12.355	12.447
Woodie	10.675	11.182	11.673	12.180	12.671	13.178	13.669
Fibonacci	11.184	11.565	11.801	12.182	12.563	12.799	13.180

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.677	11.801	12.462	13.586	14.247	15.371	16.032
Camarilla	12.633	12.797	12.960	13.124	13.288	13.451	13.615
Woodie	10.447	11.685	12.232	13.470	14.017	15.255	15.802
Fibonacci	11.801	12.483	12.904	13.586	14.268	14.689	15.371

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.79
MACD (12,26,9):	0.0710
Directional Movement:	11.765
AROON (14):	92.857
DEMA (21):	12.518
Parabolic SAR (0,02-0,02-0,2):	12.269
Elder Ray (13):	0.034
Super Trend (3,10):	12.311
Zig ZAG (10):	12.558
VORTEX (21):	1.1110
Stochastique (14,3,5):	79.59
TEMA (21):	12.582
Williams %R (14):	-17.99
Chande Momentum Oscillator (20):	0.230
Repulse (5,40,3):	-0.1000
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	5.05

MA7:	12.426
MA20:	12.646
MA50:	13.365
MA100:	13.481
MAexp7:	12.526
MAexp20:	12.437
MAexp50:	12.385
MAexp100:	12.462
Price / MA7:	+0.80%
Price / MA20:	-0.95%
Price / MA50:	-6.28%
Price / MA100:	-7.08%
Price / MAexp7:	-0%
Price / MAexp20:	+0.72%
Price / MAexp50:	+1.14%
Price / MAexp100:	+0.51%

Quotes : - 15 min delayed data - Italy Stocks

News

The latest news and videos published on ENI at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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