Enersis Chile SA Technical Analysis (NYSE:ENIC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The ENIC stock chart pattern can give those who understand technical analysis an indication of which way ENIC stock is headed, but cannot predict with 100% certainty as to what can happen to the Enersis Chile SA stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Enersis Chile SA. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Enersis Chile SA stock analysis.
Enersis Chile SA Moving Average
Moving averages help predict the price direction of ENIC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $5.1 is above the price of $4.84.
Enersis Chile SA Bollinger Bands
Bollinger bands comprise of a center line usually ENIC SMA, and two ENIC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $4.84 is in the lower range of Enersis Chile SA bollinger bands.
Enersis Chile SA Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Enersis Chile SA MACD line is below the signal line.
Enersis Chile SA Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of ENIC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.