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ENI
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 10/18/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 14.110 EUR
My targets
13.542 EUR (-1.47%)
13.048 EUR (-5.06%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 14.110 EUR remains possible. It is advisable to trade ENI with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 14.110 EUR. The next bearish objective for sellers is set at 13.542 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.048 EUR. In case of crossing, the next objective would be the support located at 12.238 EUR. PS: if there is a bullish break in the resistance located at 14.110 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.3

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

ENI rating 13.744 EUR. On the day, this instrument lost -0.52% and was traded between 13.720 EUR and 13.900 EUR over the period. The price is currently at +0.17% from its lowest and -1.12% from its highest.

13.720
13.900
13.744

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ENI:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of ENI in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Near resistance of channel

Type : Bearish

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.238 13.048 13.542 13.744 14.110 14.610 15.286
Change (%) -10.96% -5.06% -1.47% - +2.66% +6.30% +11.22%
Change -1.506 -0.696 -0.202 - +0.366 +0.866 +1.542
Level Major Intermediate Major - Major Major Minor



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
Standard13.59713.67113.75513.82913.91313.98714.071
Camarilla13.79513.80913.82413.83813.85313.86713.881
Woodie13.60113.67413.75913.83213.91713.99014.075
Fibonacci13.67113.73213.76913.82913.89013.92713.987


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.25412.76813.15613.67014.05814.57214.960
Camarilla13.29613.37913.46113.54413.62713.70913.792
Woodie12.19112.73713.09313.63913.99514.54114.897
Fibonacci12.76813.11313.32513.67014.01514.22714.572


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.43912.98313.50914.05314.57915.12315.649
Camarilla13.74013.83813.93614.03414.13214.23014.328
Woodie12.42912.97913.49914.04914.56915.11915.639
Fibonacci12.98313.39213.64514.05314.46214.71515.123

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): 50.32
MACD (12,26,9): -0.0370
Directional Movement: -3.339
AROON (14): -14.285
DEMA (21): 13.754
Parabolic SAR (0,02-0,02-0,2): 13.330
Elder Ray (13): 0.039
Super Trend (3,10): 14.200
Zig ZAG (10): 13.816
VORTEX (21): 0.8930
Stochastique (14,3,5): 57.35
TEMA (21): 13.715
Williams %R (14): -40.80
Chande Momentum Oscillator (20): -0.218
Repulse (5,40,3): 0.4440
ROCnROLL: -1
TRIX (15,9): -0.0310
Courbe Coppock: 4.99
MA7: 13.721
MA20: 13.859
MA50: 13.692
MA100: 13.964
MAexp7: 13.762
MAexp20: 13.793
MAexp50: 13.852
MAexp100: 14.031
Price / MA7: +0.17%
Price / MA20: -0.83%
Price / MA50: +0.38%
Price / MA100: -1.58%
Price / MAexp7: -0.13%
Price / MAexp20: -0.36%
Price / MAexp50: -0.78%
Price / MAexp100: -2.05%

News


The last news published on ENI at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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