ENI

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENI
ISIN:	IT0003132476

ENI - Daily - Technical analysis published on 01/30/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 12.746 EUR

My targets

13.811 EUR (+1.74%)

15.345 EUR (+13.05%)

My analysis

The bullish trend is currently very strong on ENI. As long as the price remains above the support at 12.746 EUR, you could try to benefit from the boom. The first bullish objective is located at 13.811 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.345 EUR as an objective. Crossing it would then enable buyers to target 16.645 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.

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

8.4

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 Best Trading. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ENI price is 13.574 EUR. On the day, this instrument lost -1.72% and was between 13.400 EUR and 13.802 EUR. This implies that the price is at +1.30% from its lowest and at -1.65% from its highest.

13.400

13.802

13.574

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ENI 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

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 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.238	12.746	13.531	13.574	16.645	18.540	24.920
Change (%)	-9.84%	-6.10%	-0.32%	-	+22.62%	+36.58%	+83.59%
Change	-1.336	-0.828	-0.043	-	+3.071	+4.966	+11.346
Level	Major	Intermediate	Major	-	Minor	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.980	13.190	13.382	13.592	13.784	13.994	14.186
Camarilla	13.464	13.500	13.537	13.574	13.611	13.648	13.685
Woodie	12.971	13.186	13.373	13.588	13.775	13.990	14.177
Fibonacci	13.190	13.344	13.438	13.592	13.746	13.840	13.994

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.559	12.069	12.821	13.331	14.083	14.593	15.345
Camarilla	13.227	13.343	13.458	13.574	13.690	13.805	13.921
Woodie	11.681	12.130	12.943	13.392	14.205	14.654	15.467
Fibonacci	12.069	12.551	12.849	13.331	13.813	14.111	14.593

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.529	11.025	11.623	12.119	12.717	13.213	13.811
Camarilla	11.919	12.019	12.120	12.220	12.320	12.421	12.521
Woodie	10.579	11.051	11.673	12.145	12.767	13.239	13.861
Fibonacci	11.025	11.443	11.701	12.119	12.537	12.795	13.213

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):	67.89
MACD (12,26,9):	0.2790
Directional Movement:	16.358
AROON (14):	21.429
DEMA (21):	13.363
Parabolic SAR (0,02-0,02-0,2):	12.596
Elder Ray (13):	0.396
Super Trend (3,10):	12.594
Zig ZAG (10):	13.812
VORTEX (21):	1.1110
Stochastique (14,3,5):	85.41
TEMA (21):	13.491
Williams %R (14):	-2.22
Chande Momentum Oscillator (20):	1.002
Repulse (5,40,3):	7.0430
ROCnROLL:	1
TRIX (15,9):	0.2810
Courbe Coppock:	10.20

MA7:	13.270
MA20:	12.977
MA50:	12.489
MA100:	12.102
MAexp7:	13.325
MAexp20:	13.014
MAexp50:	12.603
MAexp100:	12.056
Price / MA7:	+2.29%
Price / MA20:	+4.60%
Price / MA50:	+8.69%
Price / MA100:	+12.16%
Price / MAexp7:	+1.87%
Price / MAexp20:	+4.30%
Price / MAexp50:	+7.70%
Price / MAexp100:	+12.59%

Quotes : - End-of-day data - Italy Stocks

News

Don't forget to follow the news on ENI. 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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