Enel, a pause week in the ongoing managed trade
Enel drops 2.4%, but money flow keeps rising against the tape near record highs
Enel, a pause week in the ongoing managed trade
Our view last week
This week's technical read on Enel confirms last week's take: after being rejected at the daily Bollinger Band's upper edge, the stock climbed back with a 0.5% gain, buyers firmly back in control — 66% of volume — and money flow improving sharply. Price is brushing its all-time high again and the ADX holds steady at very high levels: the uptrend isn't losing steam. The trade is up 3.06% since entry.
This week's summary
Enel drops 2.4% this week and the MACD turns bearish, after the push it showed seven days ago. But beneath the surface the picture isn't negative: money flow is rising against the tape, while price stays close to its all-time highs, already tested three times without giving way. Weekly technical analysis on Enel stock confirms an underlying trend that's still solid, even if the trade's gain has thinned out compared with last week.
Open long
·15th week from start
·EU-UK stocks
·T1 Featured
·📅 Earnings · Jul 30
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IQS Phase
44
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#53 / 59
EU-UK stocks in progress
Trade P&L %
+0.62%
from signal to today
Rank position
ranks 53rd among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH9
Sector regimein positive regime
Performanceweekly +0.44% · monthly +3.14%
ENEL belongs to the italian sector (reference ETF EXH9). The sector is classified in positive regime according to our weekly reading.
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