RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of E
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Evaluation of ENI SpA stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The ENI SpA stock price gained 0.794% on the last trading day (Thursday, 28th Mar 2024), rising from $31.47 to $31.72. During the last trading day the stock fluctuated 0.586% from a day low at $31.56 to a day high of $31.75. The price has been going up and down for this period, and there has been a -0.5% loss for the last 2 weeks. Volume fell on the last day by -64 thousand shares and in total, 97 thousand shares were bought and sold for approximately $3.06 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.18% during the next 3 months and, with a 90% probability hold a price between $28.11 and $30.76 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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E Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ENI SpA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $31.32 and $31.28. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for ENI SpA stock

ENI SpA finds support from accumulated volume at $31.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.185 between high and low, or 0.586%. For the last week the stock has had daily average volatility of 0.616%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (E) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ENI SpA to open at $31.68, and during the day (based on 14 day Average True Range), to move between $31.26 and $32.18, which gives a possible trading interval of +/-$0.458 (+/-1.44%) up or down from last closing price. If ENI SpA takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.95 (0.73%) than the support at $31.19 (1.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ENI SpA stock A Buy?

ENI SpA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.556 Sell Candidate Downgraded

Predicted Opening Price for ENI SpA of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$31.68 ( 0.142%) $31.72

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for E

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 31.86 0.441 %
R2 31.79 0.219 %
R1 31.75 0.0809 %
Current price: 31.72
Support S1 31.60 -0.365 %
S2 31.56 -0.502 %
S3 31.49 -0.725 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 32.53 2.55 %
R2 31.99 0.85 %
R1 31.95 0.725 %
Current price 31.72
Support S1 31.19 -1.67%
S2 30.91 -2.55%
S3 30.79 -2.93%

E Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 18, 2024 Apr 08, 2024 $0.364 1.15%
2 Oct 31, 2023 Nov 20, 2023 Dec 07, 2023 $0.340 1.07%
3 Aug 03, 2023 Sep 18, 2023 Oct 06, 2023 $0.527 1.70%
4 Apr 04, 2023 May 22, 2023 Oct 06, 2023 $0.472 1.52%
5 Feb 27, 2023 Mar 20, 2023 Apr 07, 2023 $0.466 1.57%

FAQ

What is the symbol for ENI SpA Stock and on which exchange is it traded?
The symbol for ENI SpA is E and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell ENI SpA Stock?
ENI SpA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy ENI SpA Stock?
ENI SpA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ENI SpA Stock.

What's the current price of ENI SpA Stock?
As of the end of day on the 2024-03-28, the price of an ENI SpA (E) share was $31.72.

What is the 52-week high and low for ENI SpA Stock?
The 52-week high for ENI SpA Stock is $34.29 and the 52-week low is $26.50.

What is the market capitalization of ENI SpA Stock?
As of the 2024-03-28, the market capitalization of ENI SpA is 49.956B.

When is the next earnings date for ENI SpA?
The upcoming earnings date for ENI SpA is Apr 26, 2024.
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About ENI SpA

ENI SpA Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and ... E Profile

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