ENEL

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENEL
ISIN:	IT0003128367

ENEL - Daily - Technical analysis published on 10/09/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 6.443 EUR

My targets

6.786 EUR (+0.21%)

7.544 EUR (+11.40%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENEL as long as the price remains well above 6.443 EUR. The buyers” bullish objective is set at 6.786 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.544 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

7.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ENEL price is 6.772 EUR. On the day, this instrument lost -1.07% and was traded between 6.772 EUR and 6.878 EUR over the period. The price is currently at 0% from its lowest and -1.54% from its highest.

6.772

6.878

6.772

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 this Daily chart of ENEL indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	5.580	6.009	6.443	6.772	6.786	7.544
Change (%)	-17.60%	-11.27%	-4.86%	-	+0.21%	+11.40%
Change	-1.192	-0.763	-0.329	-	+0.014	+0.772
Level	Major	Minor	Major	-	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.427	6.503	6.629	6.705	6.831	6.907	7.033
Camarilla	6.698	6.717	6.736	6.754	6.773	6.791	6.810
Woodie	6.451	6.516	6.653	6.718	6.855	6.920	7.057
Fibonacci	6.503	6.581	6.628	6.705	6.783	6.830	6.907

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.372	6.493	6.639	6.760	6.906	7.027	7.173
Camarilla	6.713	6.737	6.762	6.786	6.811	6.835	6.859
Woodie	6.386	6.499	6.653	6.766	6.920	7.033	7.187
Fibonacci	6.493	6.595	6.658	6.760	6.862	6.925	7.027

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.086	6.250	6.551	6.715	7.016	7.180	7.481
Camarilla	6.723	6.766	6.808	6.851	6.894	6.936	6.979
Woodie	6.154	6.284	6.619	6.749	7.084	7.214	7.549
Fibonacci	6.250	6.428	6.538	6.715	6.893	7.003	7.180

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):	60.41
MACD (12,26,9):	0.0820
Directional Movement:	12.124
AROON (14):	71.429
DEMA (21):	6.797
Parabolic SAR (0,02-0,02-0,2):	6.890
Elder Ray (13):	0.076
Super Trend (3,10):	6.490
Zig ZAG (10):	6.845
VORTEX (21):	1.0360
Stochastique (14,3,5):	61.68
TEMA (21):	6.802
Williams %R (14):	-15.88
Chande Momentum Oscillator (20):	0.230
Repulse (5,40,3):	1.9560
ROCnROLL:	1
TRIX (15,9):	0.1930
Courbe Coppock:	6.44

MA7:	6.766
MA20:	6.667
MA50:	6.466
MA100:	6.278
MAexp7:	6.757
MAexp20:	6.684
MAexp50:	6.521
MAexp100:	6.285
Price / MA7:	+0.09%
Price / MA20:	+1.57%
Price / MA50:	+4.73%
Price / MA100:	+7.87%
Price / MAexp7:	+0.22%
Price / MAexp20:	+1.32%
Price / MAexp50:	+3.85%
Price / MAexp100:	+7.75%

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.

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