ENI SpA Stock Forecast
Green day on Friday for ENI SpA
(Updated on Apr 19, 2024)
The ENI SpA stock price gained 1.18% on the last trading day (Friday, 19th Apr 2024), rising from $32.13 to $32.51. During the last trading day the stock fluctuated 0.87% from a day low at $32.26 to a day high of $32.54. The price has fallen in 6 of the last 10 days and is down by -3.67% for this period. Volume fell on the last day by -13 thousand shares and in total, 158 thousand shares were bought and sold for approximately $5.14 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 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 4.92% during the next 3 months and, with a 90% probability hold a price between $32.97 and $35.68 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
E Signals & Forecast
The ENI SpA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $32.65. On a fall, the stock will find some support from the long-term average at approximately $32.13. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.67%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ENI SpA stock
ENI SpA finds support from accumulated volume at $31.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.280 between high and low, or 0.87%. For the last week, the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: $31.18 (-4.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (E) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect ENI SpA to open at $32.44, and during the day (based on 14 day Average True Range), to move between $32.01 and $33.01, which gives a possible trading interval of +/-$0.502 (+/-1.55%) up or down from last closing price. If ENI SpA takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.86 (1.08%) than the support at $31.95 (1.72%), 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.
Earnings coming up
ENI SpA will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.14. We will update the financials statements for ENI SpA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.66% in the first trading day after earnings release.
Is ENI SpA 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 SpA stock to perform well in the short-term.
Current score: 1.790 Buy Candidate Unchanged
Predicted Opening Price for ENI SpA of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $32.44 ( 0.226%) | $32.51 |
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 | 32.72 | 0.636 % | |
| R2 | 32.61 | 0.307 % | ||
| R1 | 32.54 | 0.103 % | ||
| Current price: | 32.51 | |||
| Support | S1 | 32.33 | -0.555 % | |
| S2 | 32.26 | -0.758 % | ||
| S3 | 32.16 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.66 | 3.54 % | |
| R2 | 33.21 | 2.15 % | ||
| R1 | 32.86 | 1.08 % | ||
| Current price | 32.51 | |||
| Support | S1 | 31.95 | -1.72% | |
| S2 | 30.91 | -4.92% | ||
| S3 | 30.79 | -5.29% |
E Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | May 20, 2024 | Jun 07, 2024 | $0.349 | 1.07% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Apr 08, 2024 | $0.364 | 1.08% |
| 3 | Oct 31, 2023 | Nov 20, 2023 | Dec 07, 2023 | $0.340 | 1.07% |
| 4 | Aug 03, 2023 | Sep 18, 2023 | Oct 06, 2023 | $0.527 | 1.70% |
| 5 | Apr 04, 2023 | May 22, 2023 | Oct 06, 2023 | $0.472 | 1.52% |
FAQ
Click here for our free guide on how to buy ENI SpA Stock.
