ENI S.P.A. - 1H - Technical analysis published on 05/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 31.83 USD
My targets
30.62 USD (-1.58%)
30.17 USD (-3.02%)
My analysis
The bearish trend is currently very strong for ENI S.P.A.. As long as the price remains below the resistance at 31.83 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 30.62 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 30.17 USD as an objective. Crossing it would then enable sellers to target 29.33 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7
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 S.P.A. price is 31.11 USD. The price registered a decrease of -0.03% on the session with the lowest point at 31.02 USD and the highest point at 31.20 USD. The deviation from the price is +0.29% for the low point and -0.29% for the high point.31.02
31.20
31.11
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ENI S.P.A. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.33 | 30.17 | 30.62 | 31.11 | 31.12 | 31.83 | 32.22 |
| Change (%) | -5.72% | -3.02% | -1.58% | - | +0.03% | +2.31% | +3.57% |
| Change | -1.78 | -0.94 | -0.49 | - | +0.01 | +0.72 | +1.11 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.57 | 30.79 | 30.95 | 31.17 | 31.33 | 31.55 | 31.71 |
| Camarilla | 31.02 | 31.05 | 31.09 | 31.12 | 31.16 | 31.19 | 31.23 |
| Woodie | 30.55 | 30.78 | 30.93 | 31.16 | 31.31 | 31.54 | 31.69 |
| Fibonacci | 30.79 | 30.93 | 31.02 | 31.17 | 31.31 | 31.40 | 31.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.93 | 29.78 | 30.46 | 31.31 | 31.99 | 32.84 | 33.52 |
| Camarilla | 30.73 | 30.87 | 31.01 | 31.15 | 31.29 | 31.43 | 31.57 |
| Woodie | 28.86 | 29.74 | 30.39 | 31.27 | 31.92 | 32.80 | 33.45 |
| Fibonacci | 29.78 | 30.36 | 30.72 | 31.31 | 31.89 | 32.25 | 32.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.61 | 29.89 | 30.71 | 31.99 | 32.81 | 34.09 | 34.91 |
| Camarilla | 30.96 | 31.16 | 31.35 | 31.54 | 31.73 | 31.93 | 32.12 |
| Woodie | 28.39 | 29.78 | 30.49 | 31.88 | 32.59 | 33.98 | 34.69 |
| Fibonacci | 29.89 | 30.69 | 31.18 | 31.99 | 32.79 | 33.28 | 34.09 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.68 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -2.75 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 31.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.37 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 31.44 | |
| Zig ZAG (10): | 31.14 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 18.77 | |
| TEMA (21): | 31.11 | |
| Williams %R (14): | -79.30 | |
| Chande Momentum Oscillator (20): | -0.48 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.60 |
| MA7: | 31.23 | |
| MA20: | 31.58 | |
| MA50: | 31.80 | |
| MA100: | 31.20 | |
| MAexp7: | 31.13 | |
| MAexp20: | 31.22 | |
| MAexp50: | 31.36 | |
| MAexp100: | 31.52 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | -0.29% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -0.80% | |
| Price / MAexp100: | -1.30% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The last news published on ENI S.P.A. at the time of the generation of this analysis was as follows:
- Weatherford Signs Four-Year Contract with Eni S.p.A
- Weatherford Signs Four-Year Contract with Eni S.p.A
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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