Eni S.p.A. Stock Forecast
Eni S.p.A. stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Eni S.p.A. stock price gained 0.279% on the last trading day (Friday, 28th Jun 2024), rising from 14.31€ to 14.35€. It has now gained 5 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 1.06% from a day low at 14.33€ to a day high of 14.48€. The price has risen in 9 of the last 10 days and is up by 6.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 366 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately 65.63€ thousand.
Given the current short-term trend, the stock is expected to fall -11.26% during the next 3 months and, with a 90% probability hold a price between 11.73€ and 12.74€ 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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ENI.DE Signals & Forecast
Mostly positive signals in the chart today. The Eni S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 14.19€ and 14.30€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Eni S.p.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Eni S.p.A. stock
Eni S.p.A. finds support from accumulated volume at 14.25€ 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 0.152€ between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: 13.80€ (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (ENI.DE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Eni S.p.A. to open at 14.39€, and during the day (based on 14 day Average True Range), to move between 14.15€ and 14.55€, which gives a possible trading interval of +/-0.202€ (+/-1.41%) up or down from last closing price. If Eni S.p.A. takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 14.25€ (0.74%) than the resistance at 14.71€ (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eni S.p.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.125 Buy Candidate Upgraded
Predicted Opening Price for Eni S.p.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 14.39€ ( 0.260%) | 14.35€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENI.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.54 | 1.32% |
| R2 | 14.48 | 0.91% |
| R1 | 14.45 | 0.665% |
| Price | 14.35 | |
| S1 | 14.33 | -0.144% |
| S2 | 14.30 | -0.394% |
| S3 | 14.24 | -0.799% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.27 | 6.38% |
| R2 | 15.10 | 5.24% |
| R1 | 14.71 | 2.51% |
| Price | 14.35 | |
| S1 | 14.25 | -0.739% |
| S2 | 13.72 | -4.43% |
| S3 | 13.51 | -5.84% |
ENI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 23, 2024 | Sep 23, 2024 | Sep 23, 2024 | 0€ | 0% |
| 2 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.235€ | 1.63% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 20, 2024 | 0.240€ | 1.67% |
| 4 | Nov 20, 2023 | Nov 20, 2023 | Nov 22, 2023 | 0.230€ | 1.56% |
| 5 | Sep 18, 2023 | Sep 18, 2023 | Sep 20, 2023 | 0.240€ | 1.57% |
FAQ
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