ENEL - Daily - Technical analysis published on 11/20/2024 (GMT)
- 69
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under
My targets
()
()
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 . The next support located at 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 . Below this support, sellers could then target .
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.2
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Additional analysis
Quotes
The ENEL price is 6.624 EUR. The price registered a decrease of -0.29% on the session and was between 6.615 EUR and 6.696 EUR. This implies that the price is at +0.14% from its lowest and at -1.08% from its highest.6.615
6.696
6.624
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ENEL indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.874 | 6.370 | 6.615 | 6.624 | 6.940 | 7.295 |
| Change (%) | -11.32% | -3.83% | -0.14% | - | +4.77% | +10.13% |
| Change | -0.750 | -0.254 | -0.009 | - | +0.316 | +0.671 |
| Level | Minor | Major | Major | - | Major | Major |
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 | 6.389 | 6.473 | 6.558 | 6.642 | 6.727 | 6.811 | 6.896 |
| Camarilla | 6.597 | 6.612 | 6.628 | 6.643 | 6.659 | 6.674 | 6.690 |
| Woodie | 6.390 | 6.473 | 6.559 | 6.642 | 6.728 | 6.811 | 6.897 |
| Fibonacci | 6.473 | 6.538 | 6.577 | 6.642 | 6.707 | 6.746 | 6.811 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.347 | 6.441 | 6.614 | 6.708 | 6.881 | 6.975 | 7.148 |
| Camarilla | 6.715 | 6.739 | 6.764 | 6.788 | 6.813 | 6.837 | 6.861 |
| Woodie | 6.388 | 6.461 | 6.655 | 6.728 | 6.922 | 6.995 | 7.189 |
| Fibonacci | 6.441 | 6.543 | 6.606 | 6.708 | 6.810 | 6.873 | 6.975 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.128 | 6.465 | 6.718 | 7.055 | 7.308 | 7.645 | 7.898 |
| Camarilla | 6.808 | 6.862 | 6.916 | 6.970 | 7.024 | 7.078 | 7.132 |
| Woodie | 6.085 | 6.444 | 6.675 | 7.034 | 7.265 | 7.624 | 7.855 |
| Fibonacci | 6.465 | 6.691 | 6.830 | 7.055 | 7.281 | 7.420 | 7.645 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.10 | |
| MACD (12,26,9): | -0.1150 | |
| Directional Movement: | -22.332 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 6.693 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.877 | |
| Elder Ray (13): | -0.099 | |
| Super Trend (3,10): | 6.989 | |
| Zig ZAG (10): | 6.642 | |
| VORTEX (21): | 0.7860 | |
| Stochastique (14,3,5): | 22.24 | |
| TEMA (21): | 6.596 | |
| Williams %R (14): | -80.30 | |
| Chande Momentum Oscillator (20): | -0.393 | |
| Repulse (5,40,3): | -1.6350 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2010 | |
| Courbe Coppock: | 11.54 |
| MA7: | 6.679 | |
| MA20: | 6.876 | |
| MA50: | 7.023 | |
| MA100: | 6.828 | |
| MAexp7: | 6.697 | |
| MAexp20: | 6.830 | |
| MAexp50: | 6.906 | |
| MAexp100: | 6.808 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -3.66% | |
| Price / MA50: | -5.68% | |
| Price / MA100: | -2.99% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | -3.02% | |
| Price / MAexp50: | -4.08% | |
| Price / MAexp100: | -2.70% |
Quotes :
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15 min delayed data
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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:
- Universal EV Chargers Offers Seamless Migration Plan with Free Consultation for Former Enel X Way Customers
- HONEYWELL PARTNERS WITH ENEL NORTH AMERICA TO HELP STABILIZE POWER GRIDS THROUGH ENERGY MANAGEMENT AUTOMATION
- ENEL CHILE ANNOUNCES THE FILING OF THE 2023 ANNUAL REPORT ON FORM 20-F
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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