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 07/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

33%

17%

50%

My opinion

Bullish above 6.750 EUR

My targets

6.842 EUR (+0.71%)

6.889 EUR (+1.40%)

My analysis

ENEL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.750 EUR. The next resistance located at 6.842 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.889 EUR. After this resistance, buyers could then target 6.930 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

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.

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Additional analysis

Quotes

ENEL rating 6.794 EUR. On the day, this instrument lost -0.09% and was between 6.755 EUR and 6.800 EUR. This implies that the price is at +0.58% from its lowest and at -0.09% from its highest.

6.755

6.800

6.794

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ENEL:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.580	6.660	6.750	6.794	6.842	6.889	6.930
Change (%)	-3.15%	-1.97%	-0.65%	-	+0.71%	+1.40%	+2.00%
Change	-0.214	-0.134	-0.044	-	+0.048	+0.095	+0.136
Level	Major	Intermediate	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	6.701	6.738	6.769	6.806	6.837	6.874	6.905
Camarilla	6.781	6.788	6.794	6.800	6.806	6.813	6.819
Woodie	6.698	6.737	6.766	6.805	6.834	6.873	6.902
Fibonacci	6.738	6.764	6.780	6.806	6.832	6.848	6.874

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.395	6.511	6.698	6.814	7.001	7.117	7.304
Camarilla	6.802	6.830	6.857	6.885	6.913	6.941	6.968
Woodie	6.431	6.529	6.734	6.832	7.037	7.135	7.340
Fibonacci	6.511	6.627	6.698	6.814	6.930	7.001	7.117

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.569	5.911	6.203	6.545	6.837	7.179	7.471
Camarilla	6.320	6.378	6.436	6.494	6.552	6.610	6.668
Woodie	5.543	5.899	6.177	6.533	6.811	7.167	7.445
Fibonacci	5.911	6.154	6.303	6.545	6.788	6.937	7.179

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):	51.02
MACD (12,26,9):	0.0080
Directional Movement:	-3.606
AROON (14):	71.429
DEMA (21):	6.799
Parabolic SAR (0,02-0,02-0,2):	6.839
Elder Ray (13):	-0.003
Super Trend (3,10):	6.738
Zig ZAG (10):	6.790
VORTEX (21):	1.0860
Stochastique (14,3,5):	49.69
TEMA (21):	6.804
Williams %R (14):	-55.10
Chande Momentum Oscillator (20):	0.021
Repulse (5,40,3):	0.1940
ROCnROLL:	-1
TRIX (15,9):	0.0180
Courbe Coppock:	1.38

MA7:	6.795
MA20:	6.673
MA50:	6.652
MA100:	6.361
MAexp7:	6.795
MAexp20:	6.788
MAexp50:	6.774
MAexp100:	6.737
Price / MA7:	-0.01%
Price / MA20:	+1.81%
Price / MA50:	+2.13%
Price / MA100:	+6.81%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.30%
Price / MAexp100:	+0.85%

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:

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

About author

Londinia AI

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