BME:ENG - Bolsa De Madrid - ES0130960018 - Common Stock - Currency: EUR
Taking everything into account, ENG scores 7 out of 10 in our technical rating. ENG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, ENG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 13.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ENG in the last couple of days, which is a good sign.
11.51
When analyzing the support we can see 3 important areas.
When analyzing the resistance we notice 3 important areas.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
13.39 | 12.78 | 0.61 (4.56%) | 21.95% |
An entry @13.39. This is a Buy Stop order right above the resistance zone. | An exit @12.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.61 points, which is 4.56%. | For a 1.00% total portfolio risk, you can invest 21.95% of your capital in this trade. |
BME:ENG (4/25/2025, 5:29:57 PM)
13.34
+0.03 (+0.23%)