ENEL - 1H - Technical analysis published on 05/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 6.1405 EUR
My targets
5.9810 EUR (-1.24%)
5.8584 EUR (-3.26%)
My analysis
The bearish trend is currently very strong for ENEL. As long as the price remains below the resistance at 6.1405 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.9810 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.8584 EUR as an objective. Crossing it would then enable sellers to target 5.7773 EUR. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
The ENEL price is 6.0560 EUR. On the day, this instrument lost -0.03% and was between 6.0540 EUR and 6.0900 EUR. This implies that the price is at +0.03% from its lowest and at -0.56% from its highest.6.0540
6.0900
6.0560
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENEL:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ENEL in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.7773 | 5.8584 | 5.9810 | 6.0560 | 6.0814 | 6.1405 | 6.2570 |
| Change (%) | -4.60% | -3.26% | -1.24% | - | +0.42% | +1.40% | +3.32% |
| Change | -0.2787 | -0.1976 | -0.0750 | - | +0.0254 | +0.0845 | +0.2010 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 5.9780 | 6.0120 | 6.0350 | 6.0690 | 6.0920 | 6.1260 | 6.1490 |
| Camarilla | 6.0423 | 6.0476 | 6.0528 | 6.0580 | 6.0632 | 6.0685 | 6.0737 |
| Woodie | 5.9725 | 6.0093 | 6.0295 | 6.0663 | 6.0865 | 6.1233 | 6.1435 |
| Fibonacci | 6.0120 | 6.0338 | 6.0472 | 6.0690 | 6.0908 | 6.1042 | 6.1260 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8093 | 5.9047 | 5.9813 | 6.0767 | 6.1533 | 6.2487 | 6.3253 |
| Camarilla | 6.0107 | 6.0265 | 6.0422 | 6.0580 | 6.0738 | 6.0895 | 6.1053 |
| Woodie | 5.8000 | 5.9000 | 5.9720 | 6.0720 | 6.1440 | 6.2440 | 6.3160 |
| Fibonacci | 5.9047 | 5.9704 | 6.0110 | 6.0767 | 6.1424 | 6.1830 | 6.2487 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0650 | 5.3150 | 5.7570 | 6.0070 | 6.4490 | 6.6990 | 7.1410 |
| Camarilla | 6.0087 | 6.0721 | 6.1356 | 6.1990 | 6.2624 | 6.3259 | 6.3893 |
| Woodie | 5.1610 | 5.3630 | 5.8530 | 6.0550 | 6.5450 | 6.7470 | 7.2370 |
| Fibonacci | 5.3150 | 5.5793 | 5.7427 | 6.0070 | 6.2713 | 6.4347 | 6.6990 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.28 | |
| MACD (12,26,9): | -0.0054 | |
| Directional Movement: | -4.2247 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 6.0640 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0515 | |
| Elder Ray (13): | -0.0042 | |
| Super Trend (3,10): | 6.1108 | |
| Zig ZAG (10): | 6.0570 | |
| VORTEX (21): | 0.9479 | |
| Stochastique (14,3,5): | 47.83 | |
| TEMA (21): | 6.0641 | |
| Williams %R (14): | -82.46 | |
| Chande Momentum Oscillator (20): | -0.0230 | |
| Repulse (5,40,3): | -0.4470 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0145 | |
| Courbe Coppock: | 0.32 |
| MA7: | 6.0920 | |
| MA20: | 6.0263 | |
| MA50: | 5.7019 | |
| MA100: | 5.5051 | |
| MAexp7: | 6.0666 | |
| MAexp20: | 6.0717 | |
| MAexp50: | 6.0809 | |
| MAexp100: | 6.0677 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +6.21% | |
| Price / MA100: | +10.01% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.19% |
Quotes :
-
15 min delayed data
-
Italy Stocks
News
The latest news and videos published on ENEL at the time of the analysis were as follows:
- ENEL CHILE ANNOUNCES THE FILING OF THE 2022 ANNUAL REPORT ON FORM 20-F
- GOGORO AND ENEL X ACCELERATE TAIWAN'S ENERGY TRANSITION WITH INTEGRATION OF VIRTUAL POWER PLANT AND 2,500 BATTERY SWAPPING STATIONS ACROSS 1,000+ LOCATIONS
- Louisville Gas and Electric Company and Kentucky Utilities Company Partner with Enel X Way to Increase Public Electric Vehicle Charging Access in Kentucky
- ENEL S.p.A. ANNOUNCES TENDER OFFERS
- McDonald's & U.S. Logistics Partners Tackle Supply Chain Emissions in New Enel Solar Energy Deal
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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