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 02/02/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

50%

My opinion

Bullish above 12.746 EUR

My targets

14.707 EUR (+9.29%)

16.645 EUR (+23.70%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENI as long as the price remains well above 12.746 EUR. The buyers' bullish objective is set at 14.707 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.645 EUR. If there is any crossing, the next objective would be the resistance located at 18.540 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

7.3

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

ENI rating 13.456 EUR. On the day, this instrument gained +1.11% and was traded between 13.180 EUR and 13.456 EUR over the period. The price is currently at +2.09% from its lowest and 0% from its highest.

13.180

13.456

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a 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 ENI indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : Daily

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

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.833	12.238	12.746	13.456	13.531	16.645	18.540
Change (%)	-12.06%	-9.05%	-5.28%	-	+0.56%	+23.70%	+37.78%
Change	-1.623	-1.218	-0.710	-	+0.075	+3.189	+5.084
Level	Intermediate	Major	Major	-	Major	Intermediate	Intermediate

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	13.123	13.227	13.291	13.395	13.459	13.563	13.627
Camarilla	13.310	13.325	13.341	13.356	13.371	13.387	13.402
Woodie	13.104	13.217	13.272	13.385	13.440	13.553	13.608
Fibonacci	13.227	13.291	13.331	13.395	13.459	13.499	13.563

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	10.875	11.575	12.441	13.141	14.007	14.707	15.573
Camarilla	12.877	13.021	13.165	13.308	13.452	13.595	13.739
Woodie	10.959	11.617	12.525	13.183	14.091	14.749	15.657
Fibonacci	11.575	12.173	12.543	13.141	13.739	14.109	14.707

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):	58.66
MACD (12,26,9):	0.2680
Directional Movement:	7.854
AROON (14):	21.428
DEMA (21):	13.474
Parabolic SAR (0,02-0,02-0,2):	12.740
Elder Ray (13):	0.051
Super Trend (3,10):	12.608
Zig ZAG (10):	13.456
VORTEX (21):	1.0980
Stochastique (14,3,5):	68.78
TEMA (21):	13.568
Williams %R (14):	-30.43
Chande Momentum Oscillator (20):	0.296
Repulse (5,40,3):	1.6920
ROCnROLL:	1
TRIX (15,9):	0.3010
Courbe Coppock:	8.18

MA7:	13.345
MA20:	13.132
MA50:	12.552
MA100:	12.201
MAexp7:	13.390
MAexp20:	13.125
MAexp50:	12.698
MAexp100:	12.138
Price / MA7:	+0.83%
Price / MA20:	+2.47%
Price / MA50:	+7.20%
Price / MA100:	+10.29%
Price / MAexp7:	+0.49%
Price / MAexp20:	+2.52%
Price / MAexp50:	+5.97%
Price / MAexp100:	+10.86%

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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