Wednesday June 19, 2019 Change 1.53% Price $4.65
Chart period: 2019-03-20 - 2019-06-19




Will ENIC stock price go up or down on Thu, 20 Jun 2019?


ENIC Forecast and Stock Analysis

Technical ENIC stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-19

ENIC gained 1.53% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $4.58 to $4.65 During day the stock fluctuated 2.30% from a day low at $4.57 to a day high of $4.67. The price has fallen in 6 of the last 10 days and is down by -1.69% for this period. Volume fell in the last day by -355 720 shares, and in total, 307 069 shares bought and sold for approximately $1.43 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the ENIC stock price was $4.83 and low was $4.30.
  • 90 day high was $5.30 and low was $4.30.
  • 52 week high for the ENIC - $5.62 and low - $4.18.


ENIC lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.66 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.93% during the next 3 months and, with 90% probability hold a price between $3.46 and $3.97 at the end of this period.

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ENIC holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $4.66. On a fall, the stock will find some support from the long-term average at approximately $4.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday June 18, 2019, which indicates further gains 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. 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 also not.

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Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ENIC finds support from accumulated volume at $4.47.

Support: $4.47 Price: $4.65 Resistance: $5.17


In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $4.41 (-5.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

1.88 %

Average volatility

Overall risk:

Very Low Low Medium High Very High


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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate Upgraded
Weaker Buy Today ENIC ranks #1306 as BUY CANDIDATE #1306 Stronger Buy

Will ENIC stock price go up or down on Thu, 20 Jun 2019?


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