RSI low/high Values: [ 20 - 80 ]
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AI Analysis of ENOG.L
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Stronger technical forecast for Energean Oil & Gas Plc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 9.29% PDF

The Energean Oil & Gas Plc stock price gained 1.37% on the last trading day (Wednesday, 27th Mar 2024), rising from £1,091.00 to £1,106.00. During the last trading day the stock fluctuated 2.03% from a day low at £1,084.00 to a day high of £1,106.00. The price has risen in 7 of the last 10 days and is up by 9.29% over the past 2 weeks. Volume fell on the last day by -147 thousand shares and in total, 271 thousand shares were bought and sold for approximately £299.91 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 upper part of a wide and weak rising trend in the short term, and this may 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 £1,125.93 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.98% during the next 3 months and, with a 90% probability hold a price between £1,049.50 and £1,215.84 at the end of this 3-month period.

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ENOG.L Signals & Forecast

The Energean Oil & Gas Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1,065.86 and £1,010.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 19.83%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Energean Oil & Gas Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £1,049.00 and £1,026.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Energean Oil & Gas Plc finds support just below today's level at £1,049.00. If this is broken, then the next support from accumulated volume will be at £1,026.00 and £959.00.

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 £22.00 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 3.75%.

Our recommended stop-loss: £1,070.39 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (ENOG.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Energean Oil & Gas Plc to open at £1,098.67, and during the day (based on 14 day Average True Range), to move between £1,070.40 and £1,141.60, which gives a possible trading interval of +/-£35.60 (+/-3.22%) up or down from last closing price. If Energean Oil & Gas Plc takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £1,049.00, some £57.00 (5.15%) from the current price of £1,106.00, our system finds the risk reward attractive.

Is Energean Oil & Gas Plc stock A Buy?

Energean Oil & Gas Plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.585 Strong Buy Candidate Upgraded

Predicted Opening Price for Energean Oil & Gas Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1,098.67 ( 0.663%) £1,106.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ENOG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,120.67 1.33 %
R2 1,112.26 0.566 %
R1 1,107.07 0.0968 %
Current price: 1,106.00
Support S1 1,090.26 -1.42 %
S2 1,085.07 -1.89 %
S3 1,076.67 -2.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 1,106.00
Support S1 1,049.00 -5.15%
S2 1,026.00 -7.23%
S3 959.00 -13.29%

ENOG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 Mar 29, 2024 £23.77 2.15%
2 Dec 07, 2023 Dec 07, 2023 Dec 07, 2023 £0 0%
3 Jun 08, 2023 Jun 08, 2023 Jun 08, 2023 £30.00 2.75%
4 Feb 09, 2023 Mar 09, 2023 Mar 30, 2023 £30.00 2.29%
5 Nov 17, 2022 Dec 08, 2022 Dec 30, 2022 £30.00 2.29%

FAQ

What is the symbol for Energean Oil & Gas Plc Stock and on which exchange is it traded?
The symbol for Energean Oil & Gas Plc is ENOG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Energean Oil & Gas Plc Stock?
Energean Oil & Gas Plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Energean Oil & Gas Plc Stock?
Energean Oil & Gas Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Energean Oil & Gas Plc Stock.

What's the current price of Energean Oil & Gas Plc Stock?
As of the end of day on the 2024-03-27, the price of an Energean Oil & Gas Plc (ENOG.L) share was £1,106.00.

What is the 52-week high and low for Energean Oil & Gas Plc Stock?
The 52-week high for Energean Oil & Gas Plc Stock is £1,394.00 and the 52-week low is £807.50.

What is the market capitalization of Energean Oil & Gas Plc Stock?
As of the 2024-03-27, the market capitalization of Energean Oil & Gas Plc is 1.995B.

When is the next earnings date for Energean Oil & Gas Plc?
The upcoming earnings date for Energean Oil & Gas Plc is Sep 05, 2024.
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About Energean Oil & Gas Plc

Energean Oil & Gas Plc Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish and Tanin development located to the offshore Israel. The company has 965 million barrels of oil equivalents of proven and probable, and contingent resources. It also provides financing services; ... ENOG.L Profile

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