ENEL - Daily - Technical analysis published on 09/28/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 5.947 EUR
My targets
5.431 EUR (-6.96%)
5.036 EUR (-13.72%)
My analysis
ENEL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.947 EUR. The next support located at 5.431 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.036 EUR. Below this support, sellers could then target 4.702 EUR.
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
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENEL rating is 5.837 EUR. The price registered a decrease of -0.24% on the session with the lowest point at 5.793 EUR and the highest point at 5.894 EUR. The deviation from the price is +0.76% for the low point and -0.97% for the high point.5.793
5.894
5.837
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ENEL in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.702 | 5.036 | 5.431 | 5.837 | 5.947 | 6.132 | 6.312 |
| Change (%) | -19.44% | -13.72% | -6.96% | - | +1.88% | +5.05% | +8.14% |
| Change | -1.135 | -0.801 | -0.406 | - | +0.110 | +0.295 | +0.475 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.679 | 5.762 | 5.806 | 5.889 | 5.933 | 6.016 | 6.060 |
| Camarilla | 5.816 | 5.828 | 5.839 | 5.851 | 5.863 | 5.874 | 5.886 |
| Woodie | 5.661 | 5.752 | 5.788 | 5.879 | 5.915 | 6.006 | 6.042 |
| Fibonacci | 5.762 | 5.810 | 5.840 | 5.889 | 5.937 | 5.967 | 6.016 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.643 | 5.824 | 5.934 | 6.115 | 6.225 | 6.406 | 6.516 |
| Camarilla | 5.965 | 5.992 | 6.018 | 6.045 | 6.072 | 6.098 | 6.125 |
| Woodie | 5.609 | 5.806 | 5.900 | 6.097 | 6.191 | 6.388 | 6.482 |
| Fibonacci | 5.824 | 5.935 | 6.004 | 6.115 | 6.226 | 6.295 | 6.406 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.459 | 5.651 | 5.930 | 6.122 | 6.401 | 6.593 | 6.872 |
| Camarilla | 6.081 | 6.124 | 6.167 | 6.210 | 6.253 | 6.296 | 6.340 |
| Woodie | 5.504 | 5.673 | 5.975 | 6.144 | 6.446 | 6.615 | 6.917 |
| Fibonacci | 5.651 | 5.831 | 5.942 | 6.122 | 6.302 | 6.413 | 6.593 |
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): | 33.61 | |
| MACD (12,26,9): | -0.0470 | |
| Directional Movement: | -19.728 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 6.037 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.234 | |
| Elder Ray (13): | -0.201 | |
| Super Trend (3,10): | 6.190 | |
| Zig ZAG (10): | 5.826 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 7.45 | |
| TEMA (21): | 5.967 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.359 | |
| Repulse (5,40,3): | -2.3610 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 5.69 |
| MA7: | 6.002 | |
| MA20: | 6.129 | |
| MA50: | 6.104 | |
| MA100: | 5.997 | |
| MAexp7: | 5.971 | |
| MAexp20: | 6.077 | |
| MAexp50: | 6.070 | |
| MAexp100: | 5.946 | |
| Price / MA7: | -2.75% | |
| Price / MA20: | -4.76% | |
| Price / MA50: | -4.37% | |
| Price / MA100: | -2.67% | |
| Price / MAexp7: | -2.24% | |
| Price / MAexp20: | -3.95% | |
| Price / MAexp50: | -3.84% | |
| Price / MAexp100: | -1.83% |
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 AND BXP EXECUTE POWER PURCHASE AGREEMENT FOR NEW TEXAS SOLAR PROJECT
- 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
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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