ENLIGHT RENEWABLE ENERGY LTD (ENLT) Stock Technical Analysis
NASDAQ:ENLT - Nasdaq - IL0007200111 - Common Stock
Taking everything into account, ENLT scores 7 out of 10 in our technical rating. Although ENLT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: ENLT has an average volume of 22265 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month ENLT has a been trading in the 15.46 - 17.79 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, ENLT outperforms 58% of them, which is more or less in line with the market.
ENLT is part of the Independent Power and Renewable Electricity Producers industry. There are 21 other stocks in this industry, ENLT did better than 60% of them.
ENLT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENLT is lagging the market.
Volume is considerably higher in the last couple of days.
Although ENLT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.51
17.98
4 important support areas can be observed.
- A support zone ranging from 16.18 to 16.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.65 to 15.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.93 to 15.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 16.95 to 17.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.36 to 17.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.80 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.02
Mansfield-0.43
10 Day High17.79
10 Day Low16.3
20 Day High17.79
20 Day Low15.46
52 Week High18.48
52 Week Low14.09
Performance
1 Week5.11%
2 Weeks0.4%
1 Month11.11%
3 Month10.83%
6 Month6.9%
12 Month1.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)59.36
LBB16.5
UBB17.67
ENLIGHT RENEWABLE ENERGY LTD
NASDAQ:ENLT (1/22/2025, 1:59:35 PM)
16.77
-0.73 (-4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-4.17%
1 Week5.11%
2 Weeks0.4%
1 Month11.11%
3 Month10.83%
6 Month6.9%
12 Month1.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%3.04%
ATR Inc32.98%
Range Today0.34
ADR(20)0.43
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.02
Mansfield-0.43
10 Day High17.79
10 Day Low16.3
20 Day High17.79
20 Day Low15.46
52 Week High18.48
52 Week Low14.09
CS1 End17.4
CR1 Start17.51
Volume & EV
DER(3)-2.37%
DER(5)-3.27%
Volume10.98K
Volume Incr75.98%
Vol(5)42.06K
Vol(50)22.27K