Enel Americas Sa (ENIA): Price Now Near $7.28; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for ENIA

At the moment, ENIA (Get Ratings)’s price is up $0.05 (0.69%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

ENIA ranks 22nd in terms of today’s price percentage change out of Utilities stocks.

ENIA’s Technical Outlook on the Daily Chart

Currently, ENIA’s price is up $0.06 (0.83%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Enel Americas Sa’s price action over the past 90 days can be seen via the chart below.

ENIA

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ENIA: Daily RSI Analysis

  • ENIA’s RSI now stands at 75.
  • ENIA and RSI may be exhibiting divergent trends. This may be something to monitor.

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