ENEL

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENEL
ISIN:	IT0003128367

ENEL - 1H - Technical analysis published on 03/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 6.140 EUR

My targets

6.412 EUR (+3.80%)

6.551 EUR (+6.05%)

My analysis

The bullish trend is currently very strong on ENEL. As long as the price remains above the support at 6.140 EUR, you could try to benefit from the boom. The first bullish objective is located at 6.412 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.551 EUR as an objective. Crossing it would then enable buyers to target 7.033 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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 ENEL rating is 6.177 EUR. The price has increased by +0.77% since the last closing and was between 6.150 EUR and 6.216 EUR. This implies that the price is at +0.44% from its lowest and at -0.63% from its highest.

6.150

6.216

6.177

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ENEL in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.998	6.113	6.140	6.177	6.183	6.412	6.551
Change (%)	-2.90%	-1.04%	-0.60%	-	+0.10%	+3.80%	+6.05%
Change	-0.179	-0.064	-0.037	-	+0.006	+0.235	+0.374
Level	Minor	Major	Minor	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.002	6.046	6.088	6.132	6.174	6.218	6.260
Camarilla	6.106	6.114	6.122	6.130	6.138	6.146	6.154
Woodie	6.001	6.046	6.087	6.132	6.173	6.218	6.259
Fibonacci	6.046	6.079	6.099	6.132	6.165	6.185	6.218

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.628	5.749	5.940	6.061	6.252	6.373	6.564
Camarilla	6.044	6.073	6.101	6.130	6.159	6.187	6.216
Woodie	5.662	5.767	5.974	6.079	6.286	6.391	6.598
Fibonacci	5.749	5.869	5.942	6.061	6.181	6.254	6.373

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.265	5.554	5.718	6.007	6.171	6.460	6.624
Camarilla	5.758	5.800	5.842	5.883	5.925	5.966	6.008
Woodie	5.204	5.523	5.657	5.976	6.110	6.429	6.563
Fibonacci	5.554	5.727	5.834	6.007	6.180	6.287	6.460

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):	58.24
MACD (12,26,9):	0.0240
Directional Movement:	13.793
AROON (14):	64.286
DEMA (21):	6.180
Parabolic SAR (0,02-0,02-0,2):	6.115
Elder Ray (13):	0.005
Super Trend (3,10):	6.091
Zig ZAG (10):	6.160
VORTEX (21):	1.0170
Stochastique (14,3,5):	58.20
TEMA (21):	6.169
Williams %R (14):	-43.65
Chande Momentum Oscillator (20):	0.019
Repulse (5,40,3):	-0.1550
ROCnROLL:	1
TRIX (15,9):	0.0680
Courbe Coppock:	0.61

MA7:	6.052
MA20:	5.956
MA50:	6.174
MA100:	6.146
MAexp7:	6.160
MAexp20:	6.143
MAexp50:	6.084
MAexp100:	6.030
Price / MA7:	+2.07%
Price / MA20:	+3.71%
Price / MA50:	+0.05%
Price / MA100:	+0.50%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.55%
Price / MAexp50:	+1.53%
Price / MAexp100:	+2.44%

Quotes : - 15 min delayed data - Italy Stocks

News

Don't forget to follow the news on ENEL. At the time of publication of this analysis, the latest news was as follows:

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

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