Eni Spa Adr Stock Technical Analysis

E Stock  USD 30.93  0.81  2.55%   
As of the 18th of March 2024, Eni SPA shows the Variance of 1.45, mean deviation of 0.9414, and Standard Deviation of 1.2. Eni SpA ADR technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Eni SpA ADR, which can be compared to its rivals. Please confirm Eni SpA ADR information ratio, as well as the relationship between the value at risk and kurtosis to decide if Eni SpA ADR is priced favorably, providing market reflects its regular price of 30.93 per share. Given that Eni SPA has information ratio of (0.12), we urge you to verify Eni SpA ADR's prevailing market performance to make sure the company can sustain itself at a future point.

Eni SPA Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Eni, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Eni
  
Eni SPA's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Eni SPA Analyst Consensus

Target PriceAdvice# of Analysts
37.5Hold4Odds
Eni SpA ADR current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Eni analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Eni stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Eni SpA ADR, talking to its executives and customers, or listening to Eni conference calls.
Eni Analyst Advice Details
Eni SPA technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Eni SPA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eni SPA trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Eni SpA ADR Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Eni SpA ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Eni SpA ADR Trend Analysis

Use this graph to draw trend lines for Eni SpA ADR. You can use it to identify possible trend reversals for Eni SPA as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Eni SPA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Eni SPA Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Eni SpA ADR applied against its price change over selected period. The best fit line has a slop of   0.04  , which may imply that the price for Eni SpA ADR will drop even more. It has 122 observation points and a regression sum of squares at 76.1, which is the sum of squared deviations for the predicted Eni SPA price change compared to its average price change.

About Eni SPA Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Eni SpA ADR on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Eni SpA ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Eni SpA ADR price pattern first instead of the macroeconomic environment surrounding Eni SpA ADR. By analyzing Eni SPA's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Eni SPA's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Eni SPA specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.05410.06420.02980.0416
Price To Sales Ratio0.570.351.090.98

Eni SPA March 18, 2024 Technical Indicators

Most technical analysis of Eni help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Eni from various momentum indicators to cycle indicators. When you analyze Eni charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Eni SPA March 18, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Eni stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Eni SpA ADR is a strong investment it is important to analyze Eni SPA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Eni SPA's future performance. For an informed investment choice regarding Eni Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eni SpA ADR. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Eni SpA ADR information on this page should be used as a complementary analysis to other Eni SPA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Eni Stock analysis

When running Eni SPA's price analysis, check to measure Eni SPA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eni SPA is operating at the current time. Most of Eni SPA's value examination focuses on studying past and present price action to predict the probability of Eni SPA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eni SPA's price. Additionally, you may evaluate how the addition of Eni SPA to your portfolios can decrease your overall portfolio volatility.
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Is Eni SPA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eni SPA. If investors know Eni will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eni SPA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.70)
Dividend Share
0.94
Earnings Share
3.07
Revenue Per Share
57.43
Quarterly Revenue Growth
(0.21)
The market value of Eni SpA ADR is measured differently than its book value, which is the value of Eni that is recorded on the company's balance sheet. Investors also form their own opinion of Eni SPA's value that differs from its market value or its book value, called intrinsic value, which is Eni SPA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eni SPA's market value can be influenced by many factors that don't directly affect Eni SPA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eni SPA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eni SPA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eni SPA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.