E Price Prediction Next Week
Technical Analysis: Based on the latest data, E (ENI S.p.A.) closed at $28.07 on January 24, 2025, showing a decline of 1.09% in regular market trading. The technical indicators suggest a neutral to slightly bearish short-term outlook:
- RSI at 49.63 indicates neutral momentum, neither overbought nor oversold
- MACD at 0.17 shows slightly positive momentum
- Price is currently trading below both 20-day MA ($27.94) and 60-day MA ($28.35), suggesting bearish pressure
Support and Resistance Levels:
- Key support levels: $27.87 (Fibonacci S1), $27.45 (Fibonacci S3)
- Key resistance levels: $28.96 (Fibonacci R1), $29.21 (Fibonacci R2)
News Sentiment Analysis: Recent analyst actions and news suggest mixed sentiment:
- Morgan Stanley downgraded to Equal Weight from Overweight with a price target of $31.60, citing well-supplied oil markets and compressed distribution yield
- Kepler Capital maintains Buy rating with €16.50 price target, indicating potential upside
Price Prediction for Next Week: Based on technical indicators and analyst sentiment, the stock is likely to trade in the range of $27.87-$28.96. The most probable scenario suggests a target price of $28.40, representing a potential upside of about 1.2% from current levels.
Trading Recommendation: HOLD
- Current price levels don't present a compelling entry point
- Wait for price to test support at $27.87 for potential long positions
- Consider taking profits if price approaches resistance at $28.96
The stock appears to be in a consolidation phase, and while there's potential for modest gains, the risk-reward ratio doesn't favor aggressive positioning at current levels.
E Similar Chart Price Prediction
The price of E is predicted to go up -3%, based on the high correlation periods with HMC. The similarity of these two price pattern on the periods is 97.63%.
E
HMC
Down: -3%Similarity: 97.63%
E Revenue Forecast
E EPS Forecast
E FAQs
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E VS S&P500
Eni's agressive growth in areas outside its legacy hydrocarbon business puts it in a better position than most peers for the energy transistion.
By employing the satellite model, Eni improves its competitive position, ulocks value, and esnures capital for its transistion plan.
Growing hydrocarbon produciton will maintain Eni's leverage to oil and gas prices even as it diversifies its business mix.
E Analyst's Forecast
Martijn Rats
Morgan Stanley
Buy → Hold
Price Target
$38 → $32
Upside
+11.98%
Morgan Stanley analyst Martijn Rats downgraded Eni to Equal Weight from Overweight with a price target of $31.60, down from $37.50 as part of a broader research note previewing 2025 in the Energy sector. Oil & gas have mixed prospects in 2025, with Gas markets looking robust, but the oil market seen as well supplied, and downstream margins likely remain under pressure, the analyst tells investors in a research note. Morgan Stanley adds that while it still foresees minor downwards pressure on consensus earnings estimates, after sharp declines, the firm believes that earnings downgrade cycle is nearing completion. For Eni however, the firm notes that the stock's run-up has compressed the company's total distribution yield significantly. Morgan Stanley adds that near-term catalysts are not easy to identify, and without guidance for a higher percentage payout, outperformance would need to rely on compression of the distribution yield.
Giacomo Romeo
Jefferies
Strong Buy
Price Target
n/a
Upside
0%
Oswald Clint
Bernstein
Buy → Hold
Price Target
n/a
Upside
0%