Buy $ENIC - NRPicks 04 JunEnel Chile SA is an electric utility company that, through its subsidiaries and affiliates, is engaged in the business of generation, transmission and distribution of electricity in Chile. It operates through two segments which are the Generation Business and the Distribution Business.
ENIC is a very solid value company that saw a pressure on its shares due to the situation Chile is going through, criticism of its pension system, criticism of its mixed health system, public transportation, water privatization, corruption, among others. These factors are responsible for the fall in the price of Chilean shares.
It is worth mentioning that in its last report for the first quarter of 2021 it presented revenues of $826M, an Ebitda of $222M and a net profit of $60M, likewise, this idea seeks to take advantage of a recovery in the political and economic situation in Chile.
ENIC trade ideas
Enel Chile SA 🧙Enel Chile SA is an electricity utility company, which through its subsidiaries and affiliates is engaged in the generation, transmission and distribution of electricity businesses in Chile. It operates through two segments including Generation Business and Distribution Business. The Generation Business Segment is comprised of a group of electricity companies that own electricity generating plants, whose energy is transmitted and distributed to end customers. The Distribution Reportable Segment is comprised of a group of electricity companies operating under a public utility concession.
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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.
ENEL Chile S.A.Chilean Stocks.
Pure Technical Projection.
Bat + Butterfly.
Seems price is in the bottom.
Could try to test support one more time and may be difficult to lift off the ground for a few weeks.
Cloud, EMA 55 and 144 may act as resistances during this period. But if price can hold inside the cloud future may be bright (long term targets above)