Enel stock technical analysis
Enel slips 1.3% as the trend loses steam and sellers take over
Enel stock technical analysis
Our view last week
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.
This week's summary
Enel drops 1.3% for a fourth straight weekly decline: ADX falls to 34.4 and the trend is losing conviction, while the MACD stays in negative territory with the histogram still sliding. The money flow that was rising against the tape last week has cooled off this time, and sellers dominate 68% of volume. The price is still hugging its all-time highs, squeezed between the first resistance in the 9.87 area and the first support in the 9.79 area.
Open long
·16th week from start
·EU-UK stocks
·T1 Featured
·📅 Earnings · Jul 30
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IQS Phase
42
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#57 / 61
EU-UK stocks in progress
Trade P&L %
-0.68%
from signal to date, no stop loss
Rank position
ranks 57th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 32 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly -3.06% · monthly -0.68%
ENEL belongs to the italian sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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