Energy Stock Surge? ENI S.P.A Bullish Breakout IncomingENI S.P.A, a leading global oil company, is currently trading at $14.18 , demonstrating strong bullish momentum on the weekly chart. Our proprietary W.ARITAs indicator reveals a significant buildup in bullish momentum, suggesting an imminent breakout from the well-defined inverted head and shoulders pattern .
This pattern, widely recognized as a reversal signal, aligns with ENI’s recent strategic moves, including its expansion in Alaska and increased shareholder rewards through a $2 billion share buyback . These developments underscore the company’s robust financial health and its commitment to growth and investor value, which are likely to fuel further stock appreciation.
Key Technical Levels:
Order Box (OB) Target 1: $18.05 - $19.62
Order Box (OB) Target 2: $23.18 - $24.29
Given the current bullish setup, these targets reflect potential zones for profit-taking, with the first Order Box (OB Target 1) offering a conservative target range and OB Target 2 representing an extended bullish goal.
With supportive corporate actions and technical strength, ENI is well-positioned for growth, making it a compelling opportunity for investors seeking exposure in the energy sector. Keep an eye on the weekly close to confirm the breakout from the inverted head and shoulders pattern for confirmation of further upside potential.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Investing in stocks involves risk, and past performance does not guarantee future results. Please consult a financial advisor to assess your individual risk tolerance and objectives before making any investment decisions.
ENI
ENI: MAKE MONEY SIMPLYEni, the largest company we have in Italy.
I simply show u what it means to invest by doing some trades without having to search for the nex Tesla or the perfect entry point on Bitcoin.
Eni pays good dividends, the price range is obvious even for a child, so why not use it? Or, why not to sell and buy bacj at undervalue prices when the price goes overvalue again?
I know it sounds complicated, that's why i teach/share/explain (call it what u want) simple ta, because the more groundes we stay the easier it becomes to make money.
There are opportunities like this over the years, but 99% of u that try to make money don't see it because u want to follow false chimeras hoping for 3.000% in 2 months by following some shitcoin or over leveraged forex scalping.
Ready for a retest?HTF double bottom, or 8H double bottom that haven't been retested yet. I'm thinking we are soon to retest this, until EOY probably.
Double top on RSI, retest of previous high and many other signs, that makes me think this will be a nice short play.
Trendlines there for the orientation and confirmation of the breakdown.
Targets: 25,50$ and 23,50$
Invalidation: Daily close above 31,35$
Time: 1-3months.
ENI LongThe analyst consensus points to a rating of ´Underperform´. Average target price 31.7. Previous closing : 28.36 indicates for a potential upside 12%. Market Cap : 51,4Bn
Technical Analysis : Our price just hit the 50DMA we expect a pullback to our support and a green candle after it for a good entry level.
RSI : RSI looks strong as it has started creating HH and HL.
MACD : MACD Lines are very close to cross each other for a reversal of the trend. We need to wait until they actually do.
Entry : 27.50
Target : 31.67
Stop Loss : 26.70
Ratio : 1:5,6
Portfolio and ENI Take profit (+50%)War.
High, very high volatility.
These are times when stocks move from traders to investors.
So it is right to accept drawdowns, obviously not in leverage and weighted, having liquidity to mediate when this problem passes.
However, there are some "favorable" situations even in these times, which help to rebalance the portfolio and create liquidity.
This is the case of Eni, the main Italian energy company, with a strong correlation with oil (sold last week with a profit of 165%, see my previous article), which is obviously retracing, after hitting $ 120 per barrel...
Set a stop profit reached today with an overall profit of just over 50%.
I also rebalanced the very long-term portfolio, selling part of my benchmark energy ETF with a 144% profit. (ALL of these numbers are proven)
Of course not all that glitters is gold; I had to accept a heavy stop-loss on BIDU and PLTR (partial).
I added some more gold and MSCI World for the very long-term portfolio.
The advice I can give to those who are investing and swing trading at the moment is to remain liquid and enter only and only on very extreme levels, already well established through volumetric analysis.
Forget the technical analysis. You know what I think, but particularly in these moments, it is garbage.
Happy trading and God bless all those who are suffering from an absurd war. Of any ethnicity, nationality, or religion.
Peace.
LazyBull
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.
ENI LONGentry price 10.260 stop loss 8174 target price 13420
The ENI stock is currently in consolidation, respecting the support and resistance levels. Long position is recommended until the price falls down on a retracement. RSI and MACD show possible LONG trend, in fact along with the good performance of the company is expected to be a bullish moment in the near future.
NO FINANCIAL ANALYSIS
HODL BITCOIN to 60k+BEFORE FOMO TREND START- BEST WHALE ADD MOREHello trading friends,
This is an update for bitcoin depending on the last trends.
We expect the bitcoin trend to 60K+ depending on whale buys and ETN tool data.
we know the FOMO effect when it starts on bitcoin. then it looks only that BTC increase with no recovery - powerfully trend what we have seen before also. most market makers waiting for a re-test 59K trend, then 60K + after that say hello FOMO.
HODL before bitcoin hit the target. we can see some trends that show a breakdown trend, but at the end that the target where will go for the main target. 60k+ depending on data.
Follow /like for more
thank you
Royal Dutch Shell (L:RDSa)Royal Dutch Shell (L:RDSa) and Eni (MI:ENI) Technical Analysis
Both Shell and ENI have the same price movement and both seems ready to go up.
Just wait the right signal to buy.
The same Technical analysis principle can be applied to:
(N:XOM)
(N:COP)
(N:CVX)
BP (L:BP) and,
Spain's Repsol (MC:REP)
OIl and ENI: Spread OpportunityGood opportunity on the Italian Market to be exploited with a spread trade.
Usually ENI and Oil have a positive correlation. In that case we could open a position on ENI and hedge it with another position on Oil trading on the temporary spread between the two securities.
My position here is to sell ENI and buy Oil waiting for the spread to reach again the base line of the Bollinger Bands (orange crosses).
Investing Fellow
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.