ENI SpA Stock Forecast

Hold candidate since Apr 16, 2025

The ENI SpA stock price gained 2.69% on the last trading day (Wednesday, 16th Apr 2025), rising from $26.76 to $27.48. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.19% from a day low at $27.34 to a day high of $27.66. The price has been going up and down for this period, and there has been a -11.75% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 481 thousand shares were bought and sold for approximately $13.21 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ENI SpA stock with a 90% probability to be traded between $25.38 and $31.74 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

E Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 08, 2025, and so far it has risen 9.09%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ENI SpA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $29.25. On a fall, the stock will find some support from the short-term average at $26.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for ENI SpA stock

ENI SpA finds support from accumulated volume at $26.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.325 between high and low, or 1.19%. For the last week, the stock has had daily average volatility of 2.04%.

Our recommended stop-loss: $26.29 (-4.32%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (E) For The Upcoming Trading Day Of Thursday 17th

For the upcoming trading day on Thursday, 17th we expect ENI SpA to open at $27.49, and during the day (based on 14 day Average True Range), to move between $26.62 and $28.34, which gives a possible trading interval of +/-$0.86 (+/-3.13%) up or down from last closing price. If ENI SpA takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.86 (2.26%) than the resistance at $28.14 (2.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Dividend Warning For E

Dividend coming up for E: Ex-dividend date (Tuesday 20th May, 2025) is 32 days away. The dividend is $0.380.

Is ENI SpA stock A Buy?

ENI SpA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.835 Hold/Accumulate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on April 17, 2025 - $27.49 ( 0.0425%).