Eni S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Eni S.p.A. stock price after Friday trading.
(Updated on May 10, 2024)
The Eni S.p.A. stock price gained 1.00% on the last trading day (Friday, 10th May 2024), rising from 15.03€ to 15.18€. During the last trading day the stock fluctuated 0.448% from a day low at 15.16€ to a day high of 15.23€. The price has risen in 7 of the last 10 days but is still down by -0.47% for this period. Volume fell on the last day by -9 thousand shares and in total, 3 thousand shares were bought and sold for approximately 50.21€ thousand. 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 weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.96% during the next 3 months and, with a 90% probability hold a price between 15.99€ and 17.30€ at the end of this 3-month period.
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ENI.F Signals & Forecast
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 14.93€ and 15.11€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 3.17%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 15.03€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.0680€ between high and low, or 0.448%. For the last week the stock has had daily average volatility of 0.82%
Our recommended stop-loss: 14.45€ (-4.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (ENI.F) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Eni S.p.A. to open at 15.19€, and during the day (based on 14 day Average True Range), to move between 14.93€ and 15.42€, which gives a possible trading interval of +/-0.247€ (+/-1.63%) 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 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.23€ (0.33%) than the support at 15.03€ (1.00%), 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 S.p.A. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Eni S.p.A. 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: 1.686 Buy Candidate Upgraded
Predicted Opening Price for Eni S.p.A. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 15.19€ ( 0.0878%) | 15.18€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENI.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.26 | 0.536 % | |
| R2 | 15.23 | 0.365 % | ||
| R1 | 15.22 | 0.259 % | ||
| Current price: | 15.18 | |||
| Support | S1 | 15.17 | -0.0833 % | |
| S2 | 15.15 | -0.189 % | ||
| S3 | 15.12 | -0.360 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.34 | 1.09 % | |
| R2 | 15.27 | 0.593 % | ||
| R1 | 15.23 | 0.329 % | ||
| Current price | 15.18 | |||
| Support | S1 | 15.03 | -1.00% | |
| S2 | 14.71 | -3.07% | ||
| S3 | 14.50 | -4.47% |
ENI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.235€ | 1.55% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Mar 18, 2024 | 0€ | 0% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | 0.240€ | 1.59% |
| 4 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.220€ | 1.66% |
| 5 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | 0.220€ | 1.79% |
FAQ
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