ENIC Price Prediction Next Week
ENIC Stock Price Prediction and Recommendation
Technical Analysis:
- RSI (14): 59.15 (Neutral, not overbought or oversold)
- Stochastic Oscillator: %K (48.77) slightly above %D (41.36)
- MACD: 0.05 (Bullish crossover, but weak momentum)
- Fibonacci Levels:
- Pivot: 3.35
- Resistance 1: 3.44
- Support 1: 3.25
News Sentiment and Fundamental Analysis:
- Recent News: Highlighted as a dividend penny stock with a forward yield of 6.46% and strong dividend growth (143.29% annualized over 3 years).
- Financial Challenges: Revenue decreased by 11.63% YoY, and net income dropped 49.41% due to extreme weather and operational disruptions.
- Positive Outlook: Commitment to sustainable energy and grid resilience investments aligns with global energy transition trends.
Price Prediction:
Based on technical indicators and news sentiment, ENIC is expected to trade between $3.35 and $3.50 next week. The stock may face resistance at $3.44 and $3.50, with support at $3.25.
Recommendation:
Sell or Hold. While the dividend yield is attractive, the stock's technical indicators suggest a neutral to slightly bearish short-term outlook.
ENIC Similar Chart Price Prediction
The price of ENIC is predicted to go up -0.21%, based on the high correlation periods with CHT. The similarity of these two price pattern on the periods is 95.19%.
ENIC
CHT
Down: -0.21%Similarity: 95.19%
ENIC Revenue Forecast
ENIC EPS Forecast
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ENIC Analyst's Forecast
Tomas Gonzalez
Scotiabank
Buy → Hold
2024-11-22
Price Target
$3.9
Upside
+44.44%
Scotiabank analyst Tomas Gonzalez downgraded Enel Chile to Sector Perform from Outperform with an unchanged price target of $3.90 after the company presented its strategic plan for the 2025-2027 triennial period. The firm sees "a challenging scenario," particularly in 2025, as it believes a more modest hydrology next year will pressure company's margins, the analyst tells investors.
Tomas Gonzalez
Scotiabank
Buy
2024-10-30
Price Target
$4.4 → $3.9
Upside
+43.38%
