Pretiming: Weekly ENI.MI. Eni S.p.A. stock forecast

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Showing posts with label Weekly ENI.MI. Eni S.p.A. stock forecast. Show all posts
Showing posts with label Weekly ENI.MI. Eni S.p.A. stock forecast. Show all posts

ENI.MI. Eni S.p.A. (ENI.MI) stock for the next 10-Week forecast and technical analysis.

ENI.MI 10-Week forecast and technical analysis by Pretiming.

Closed price

May 29, 2023

13.14

-0.38%

Appropriate Investment Position: Sell

This week's stock price Buy-Sell strength analysis

The current trend appears to be 'Entering an uptrend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a stronger LOW-price Finally, the CLOSE-price closed with a weaker decline rate than the current trend.

The overall buy-sell strength indicates that the sell strength is stronger than the buy.

Assuming that the average sell strength is -100%,

This week's sell strength is

-126%

 

 

Next week's stock price Buy-Sell strength Forecast

Based on recent stock trends and technical analysis, it looks like ENI.MI stock is poised for an Uptrend next week

The %strength of Risk & Return next week :

99%

HIGH ~ LOW % range next week :

4.1%

-1.3%

Predicted Average return over the next 3 weeks:

3.3%

The price of ENI.MI stock moves in line with the rise and fall of the stock market index with a probability of

65%

 

, and conversely, it moves against the stock market index trend with a probability of

35%

 

 

ENI.MI stock price 10 Week forecast

It is expected that the overall trend movement over the next 10 weeks will follow a descending rectangle pattern, with a ratio of 6 : 4 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is higher, while the upward strength is somewhat higher. Currently, it's about to begin an uptrend as a correction trend gradually transitions to small declines and strong rises. and It's maintaining a suitable Buy-Sell strength for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Sell(Bearish)' for now. The appropriate buying timing is predicted to be this week or next week.

The buying date is

Jun 05

 

 

A good price to buy a stock:

$ 13.10

And the appropriate selling timing is predicted to be in 2 weeks.

The selling date is

Jun 05

to

Jun 12

A good price to sell a stock:

$ 13.76

(Forecast may change due to changes in the Buy-Sell strength)

Volatility of forecast

Due to maintaining a proper flow of Buy-Sell strength that is suitable for the current trend, pretiming forecasting may have low volatility.

Predicting the turning point of the trend

The probability of a trend reversal occurring This week and approximately 6 weeks from now, 8 weeks from now

63%

Forecast of Upper~Lower price range over the next 10 weeks

Price:

12.64

~

13.57

% Change:

-3.8%

~

3.2%

Median price between the upper and lower prices

13.10

-0.3%

Analysis of the trend zone & level% and average strength of trends

For the last 30 weeks, the average trend zone & level%

Bullish

15%

The Current trend zone & level%

Bullish

8%

The expected average trend zone & level% for the next 10 weeks

Bearish

-9%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

56%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-70%

(Min -100%)

Forecasting the strength of the trend and the range of the HIGH ~ LOW

Trend

Strength%

HIGH

LOW

In 1 week: Uptrend

99%

4.1%

-1.3%

In 2 weeks: Entering a downtrend

73%

3.3%

-0.1%

In 3 weeks: Correction trend

-38%

0.5%

-3.1%

In 4 weeks: Downtrend

-48%

-0.1%

-5.4%

In 5 weeks: Entering an uptrend

-76%

-0.2%

-2.7%

In 6 weeks: Entering a rebound trend

36%

3.2%

-0.8%

In 7 weeks: Rebound trend

45%

3.8%

0.3%

In 8 weeks: Entering a downtrend

30%

1.6%

0.1%

In 9 weeks: Downtrend

-93%

0.3%

-3.9%

In 10 weeks: Downtrend

-98%

-0.3%

-4.5%

Average closing price in case of rising:

 

2.7%

=> HIGH ~ LOW range:

4.0%

~

-1.7%

Average closing price in case of falling:

 

-2.6%

=> HIGH ~ LOW range:

2.1%

~

-4.2%

Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis.