ENI - 1H - Technical analysis published on 03/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 12.280 EUR
My targets
12.667 EUR (+1.13%)
12.908 EUR (+3.05%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ENI. This is a positive signal for buyers. As long as the price remains above 12.280 EUR, a purchase could be considered. The first bullish objective is located at 12.667 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.908 EUR as an objective. Crossing it would then enable buyers to target 13.057 EUR. In the event of a return below 12.280 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENI price is 12.526 EUR. On the day, this instrument lost -0.16% with the lowest point at 12.472 EUR and the highest point at 12.626 EUR. The deviation from the price is +0.43% for the low point and -0.79% for the high point.12.472
12.626
12.526
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of ENI indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.940 | 12.280 | 12.472 | 12.526 | 12.667 | 12.908 | 13.057 |
| Change (%) | -4.68% | -1.96% | -0.43% | - | +1.13% | +3.05% | +4.24% |
| Change | -0.586 | -0.246 | -0.054 | - | +0.141 | +0.382 | +0.531 |
| Level | Major | Major | Minor | - | 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 | 12.280 | 12.358 | 12.452 | 12.530 | 12.624 | 12.702 | 12.796 |
| Camarilla | 12.499 | 12.515 | 12.530 | 12.546 | 12.562 | 12.578 | 12.593 |
| Woodie | 12.288 | 12.362 | 12.460 | 12.534 | 12.632 | 12.706 | 12.804 |
| Fibonacci | 12.358 | 12.424 | 12.464 | 12.530 | 12.596 | 12.636 | 12.702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.680 | 11.184 | 11.678 | 12.182 | 12.676 | 13.180 | 13.674 |
| Camarilla | 11.898 | 11.989 | 12.081 | 12.172 | 12.264 | 12.355 | 12.447 |
| Woodie | 10.675 | 11.182 | 11.673 | 12.180 | 12.671 | 13.178 | 13.669 |
| Fibonacci | 11.184 | 11.565 | 11.801 | 12.182 | 12.563 | 12.799 | 13.180 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.677 | 11.801 | 12.462 | 13.586 | 14.247 | 15.371 | 16.032 |
| Camarilla | 12.633 | 12.797 | 12.960 | 13.124 | 13.288 | 13.451 | 13.615 |
| Woodie | 10.447 | 11.685 | 12.232 | 13.470 | 14.017 | 15.255 | 15.802 |
| Fibonacci | 11.801 | 12.483 | 12.904 | 13.586 | 14.268 | 14.689 | 15.371 |
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): | 61.79 | |
| MACD (12,26,9): | 0.0710 | |
| Directional Movement: | 11.765 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 12.518 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.269 | |
| Elder Ray (13): | 0.034 | |
| Super Trend (3,10): | 12.311 | |
| Zig ZAG (10): | 12.558 | |
| VORTEX (21): | 1.1110 | |
| Stochastique (14,3,5): | 79.59 | |
| TEMA (21): | 12.582 | |
| Williams %R (14): | -17.99 | |
| Chande Momentum Oscillator (20): | 0.230 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 5.05 |
| MA7: | 12.426 | |
| MA20: | 12.646 | |
| MA50: | 13.365 | |
| MA100: | 13.481 | |
| MAexp7: | 12.526 | |
| MAexp20: | 12.437 | |
| MAexp50: | 12.385 | |
| MAexp100: | 12.462 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | -0.95% | |
| Price / MA50: | -6.28% | |
| Price / MA100: | -7.08% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.72% | |
| Price / MAexp50: | +1.14% | |
| Price / MAexp100: | +0.51% |
Quotes :
-
15 min delayed data
-
Italy Stocks
News
The latest news and videos published on ENI at the time of the analysis were as follows:
- Eni Sustainable Mobility and PBF Energy Announce Partnership for St. Bernard Biorefinery in the US
-
Giorgia Meloni visits Tripoli as Libya signs $8bn gas exploration deal with Eni
- NFE and Eni Congo Agree to Deploy Fast LNG Solution in The Republic of Congo
- KNOT Awarded Long-Term Charters With ENI For Two New Shuttle Tankers With LNG Propulsion System
- Eni gas e luce Selects Medallia to Power Its Customer First CX Program
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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