ENI

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENI
ISIN:	IT0003132476

ENI - 1H - Technical analysis published on 10/18/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 15.420 EUR

My targets

15.784 EUR (+0.68%)

16.070 EUR (+2.50%)

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 15.420 EUR. The buyers' bullish objective is set at 15.784 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.070 EUR. If there is any crossing, the next objective would be the resistance located at 16.560 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

8.2

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

Additional analysis

Quotes

The ENI price is 15.678 EUR. On the day, this instrument gained +0.94% with the lowest point at 15.610 EUR and the highest point at 15.690 EUR. The deviation from the price is +0.44% for the low point and -0.08% for the high point.

15.610

15.690

15.678

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

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

A technical analysis in 1H of this ENI chart shows a strongly bullish trend. 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 market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	14.917	15.420	15.625	15.678
Change (%)	-4.85%	-1.65%	-0.34%	-
Change	-0.761	-0.258	-0.053	-
Level	Intermediate	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	15.223	15.317	15.425	15.519	15.627	15.721	15.829
Camarilla	15.477	15.495	15.514	15.532	15.551	15.569	15.588
Woodie	15.229	15.321	15.431	15.523	15.633	15.725	15.835
Fibonacci	15.317	15.395	15.442	15.519	15.597	15.644	15.721

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.232	14.518	15.008	15.294	15.784	16.070	16.560
Camarilla	15.285	15.356	15.427	15.498	15.569	15.640	15.711
Woodie	14.334	14.569	15.110	15.345	15.886	16.121	16.662
Fibonacci	14.518	14.814	14.998	15.294	15.590	15.774	16.070

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.892	13.513	14.385	15.006	15.878	16.499	17.371
Camarilla	14.845	14.982	15.119	15.256	15.393	15.530	15.667
Woodie	13.017	13.576	14.510	15.069	16.003	16.562	17.496
Fibonacci	13.513	14.084	14.436	15.006	15.577	15.929	16.499

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):	64.56
MACD (12,26,9):	0.0560
Directional Movement:	13.197
AROON (14):	64.286
DEMA (21):	15.612
Parabolic SAR (0,02-0,02-0,2):	15.416
Elder Ray (13):	0.089
Super Trend (3,10):	15.370
Zig ZAG (10):	15.678
VORTEX (21):	1.0200
Stochastique (14,3,5):	75.82
TEMA (21):	15.588
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.180
Repulse (5,40,3):	0.3600
ROCnROLL:	1
TRIX (15,9):	0.0540
Courbe Coppock:	0.53

MA7:	15.389
MA20:	15.130
MA50:	14.647
MA100:	13.845
MAexp7:	15.581
MAexp20:	15.532
MAexp50:	15.387
MAexp100:	15.233
Price / MA7:	+1.88%
Price / MA20:	+3.62%
Price / MA50:	+7.04%
Price / MA100:	+13.24%
Price / MAexp7:	+0.62%
Price / MAexp20:	+0.94%
Price / MAexp50:	+1.89%
Price / MAexp100:	+2.92%

Quotes : - 15 min delayed data - Italy Stocks

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.

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