ENI - 1H - Technical analysis published on 06/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 12.942 EUR
My targets
13.170 EUR (+1.00%)
13.365 EUR (+2.49%)
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 12.942 EUR, a purchase could be considered. The first bullish objective is located at 13.170 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.365 EUR as an objective. Crossing it would then enable buyers to target 13.447 EUR. In the event of a return below 12.942 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3
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Additional analysis
Quotes
ENI rating 13.040 EUR. On the day, this instrument lost -0.08% and was between 13.012 EUR and 13.118 EUR. This implies that the price is at +0.22% from its lowest and at -0.59% from its highest.13.012
13.118
13.040
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENI:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ENI indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.572 | 12.842 | 12.942 | 13.040 | 13.170 | 13.365 | 13.447 |
| Change (%) | -3.59% | -1.52% | -0.75% | - | +1.00% | +2.49% | +3.12% |
| Change | -0.468 | -0.198 | -0.098 | - | +0.130 | +0.325 | +0.407 |
| Level | Minor | Major | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.767 | 12.829 | 12.939 | 13.001 | 13.111 | 13.173 | 13.283 |
| Camarilla | 13.003 | 13.019 | 13.034 | 13.050 | 13.066 | 13.082 | 13.097 |
| Woodie | 12.792 | 12.841 | 12.964 | 13.013 | 13.136 | 13.185 | 13.308 |
| Fibonacci | 12.829 | 12.894 | 12.935 | 13.001 | 13.066 | 13.107 | 13.173 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.166 | 12.488 | 12.736 | 13.058 | 13.306 | 13.628 | 13.876 |
| Camarilla | 12.827 | 12.880 | 12.932 | 12.984 | 13.036 | 13.089 | 13.141 |
| Woodie | 12.129 | 12.470 | 12.699 | 13.040 | 13.269 | 13.610 | 13.839 |
| Fibonacci | 12.488 | 12.706 | 12.840 | 13.058 | 13.276 | 13.410 | 13.628 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.963 | 11.707 | 12.078 | 12.822 | 13.193 | 13.937 | 14.308 |
| Camarilla | 12.143 | 12.246 | 12.348 | 12.450 | 12.552 | 12.654 | 12.757 |
| Woodie | 10.778 | 11.614 | 11.893 | 12.729 | 13.008 | 13.844 | 14.123 |
| Fibonacci | 11.707 | 12.133 | 12.396 | 12.822 | 13.248 | 13.511 | 13.937 |
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): | 54.82 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 4.685 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 13.045 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.903 | |
| Elder Ray (13): | 0.041 | |
| Super Trend (3,10): | 12.907 | |
| Zig ZAG (10): | 13.062 | |
| VORTEX (21): | 1.0550 | |
| Stochastique (14,3,5): | 79.08 | |
| TEMA (21): | 13.061 | |
| Williams %R (14): | -28.07 | |
| Chande Momentum Oscillator (20): | 0.068 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0160 | |
| Courbe Coppock: | 0.08 |
| MA7: | 12.998 | |
| MA20: | 13.045 | |
| MA50: | 13.206 | |
| MA100: | 13.140 | |
| MAexp7: | 13.050 | |
| MAexp20: | 13.022 | |
| MAexp50: | 13.006 | |
| MAexp100: | 13.013 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -1.26% | |
| Price / MA100: | -0.76% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.21% |
Quotes :
-
15 min delayed 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:
- 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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