Enel
ENEL (1W) Pottential reversal for Enel during winter ? Hello Folks,
Seems like Energy Sector is attractive right now.
Looking at many European companies (Producers and Electricity Suppliers) could reveal interesting bets for mid-term // or several months during Winter.
ENEL is one of Such companies. Need to dig deeper into Fundamentals. BUT for now considering Technical Analysis of Chart. Seems like Stock is down 50% from last year top.
A) If it Holds price around 4.5 and turn up. It could be last impulsive wave UP (Wave 5 of bigger TimeFrame). Which could last 6-12 months. = Back to Price around 9.
Right now the stock can be Attractive with Forward Dividend at 7,71%.
P/E at 16 is probably too expensive (Compared to CEZ at 11.7, which should be way better company)
B) If it drops below, it means Overlaping of waves marked as 1 and 4. (Forbidden in Elliot Wave theory. So it would be completely different structure and its better to stay away.
It could drop to the bottom of GREEN long-term channel at 3.5 or even deeper.
For now I Will not enter position, but will dig deeper into fundamentals and certainly let you know very soon.
Let me know if somebody follow this company or other European Energy companies ;)
Enel - Possibile rialzo?In downtrend da fine aprile con circa il -25%, ENEL presenta un double bottom su livelli interessanti e grafico Daily. Ricordiamo che ENEL è una della più importanti azienda sul territorio italiano e anche quella di maggior peso all'interno del nostro indice.
Un azienda che investe molto nel settore green (che costituisce uno dei megatrend del mercato) e che ha l'obiettivo di arrivare ad una completa decarbonizzazione. Da qui al 2030 saranno messi in campo 210 miliardi di euro complessivi 170 diretti e 40 indiretti.
Ovviamente si parla di long term, ma anche nel mid term in base ai grafici potrebbe regalare soddisfazione agli investitori
Enel Long term Investing ideaENEL Investing
Hard times for ENEL, the electricity giant which also controls Endesa, a leader in the Spanish market.
The surge in the prices of raw materials and the intervention of the Draghi government, which will soon be followed by Sanchez to cut the exponential increase in electricity in Spain, as in Italy, has obviously aroused great fear on the markets. causing a very important sell-off for the stock which, on the market since April, lost 26%.
The price has reached a very attractive level, especially in terms of volume. But this is one of those cases where fundamental factors are more relevant than technical ones.
The real risk for Enel, with the so-called "clawback" by the Spanish government in primis, is a loss of over 200 million euros before taxes for 2021 and the same for 2022 (source borse.it).
Stay away then? It depends.
If we talk about trading, certainly Enel is not such a fascinating title in the short term.
In the case of a long-term investment, the situation is different.
Personally, I will enter levels should the price fall further, in consideration of the fact that Enel has already foreseen an important dividend for next January and that the price of raw materials will not remain high forever.
Speaking of interesting levels to enter and/or accumulate are:
- 6.74 (level already tested)
- 6 (important post-crash accumulation level for the covid)
- 4.16 (historically key level of re-start of the title) and POC of the last 5 years.
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Buy $ENIC - NRPicks Feb 07Enel Chile SA, an electric utility company, engages in the generation, transmission and distribution of electricity in Chile. The company operates through the Generation and Distribution business segments. It transmits and distributes electricity in 33 municipalities in the Santiago Metropolitan Region.
Enel is a so-called defensive company, currently we see indices approaching highs and these companies are a good choice to avoid aggressive pullbacks in the market.
Fundamentals:
- Value
- 95.6% estimated net earnings growth over the next 3 years.
- ROE 12.6% VS 9.4% industry.
Technicals:
- Price level below SMA 250-200-150
- Williams R% at -12% levels
- RSI (60) Overbought
- +5% average upside during the month
A correction of 19% was presented from January 8 to January 29, which stopped at $3.65 support. The only reason for the correction was the appearance of the new COVID-19 strain; however, a trend change can be seen from this level. Finally, the technical indicators do not look very favorable due to the fact that we see a considerable recovery in the stock.
Monthly depressing stocks reviewI have been looking at stocks a little bit on the side, once in a while, for a long time.
Now I think I have to really get into it, the way I do things (the RIGHT way is the name I think),
I just look for good opportunities, I don't focus on just a few and try to force money out of the market (lol).
And with currencies, well... This:
Whereas stocks are always trending, their problem is they are quite correlated, but they are not all 100% correlated.
And with a buy only, odds are on our side, they tend to go up all the time, and risk to reward is assymetric (a gain of 50% is a loss of 33% way easier to go up 90% than down 90%, impossible to go down 101%, possible to go up... does not make a difference with 1% moves, but when we get at 10% and more, it makes a difference, you stop loss can have the same RR as usual but be super far, or be at the same distance as usual but you get a RR of 2 rather than the usual 1.5 for example).
Plus biggest possible loss is 100%... That's pretty nice. Go all in? Can't lose more than this.
On a general note, I think FAANG stocks topped and the bubble popped, but the stock market in general could keep going up.
It's expensive, it's dumb to invest now, but it was dumb in 1929 and 1999 too.
Every one that knows anything can see what a bubble this is, but dumb money is just that. They're irrational, they're stupid, and they can push the price 100-150% like in 1929 and 1999, because it all explodes down.
Stocks I am watching that I might trade in the next month or 2 - I filtered some just because it gets too redundant (correlation):
Philip Morris managed to recover, it retraced at the previous swing high (92.74/92.69) and that downtrend line, but it could just be cooling off before breaking.
I have a watchlist of 90 but they're all just going up or moving randomly.
Maybe I should look at penny stocks. Oh this is depressing.
I simply do not want to buy when indices are at all time high and P/E ratios are at 1929 & 1999 levels and all that... So going to miss out and have to wait... Can we get a new crypto bubble? That was really awesome.
I believe people that fail other than being simply not cut out for this / really bad fail, they probably overtrade or just look for opportunities when there aren't any, or the macro situation is not that great... If the stock market as a whole rallies some more well I'll look for buys but nothing long term.
In the meantime, just going to have to find other ways to make money.
That's all I got I just don't know other ways to trade.
Maybe I'll have to spend all my day in front of the screen and scalp I do have strategies for this but don't want to ... :(
I find it kind of funny I find it kind of sad...
Hello darkness my old friend...