Enel Americas S.A. (ENIA): Puzzling Price Reaction

The stock of Enel Americas S.A. (NYSE:ENIA) has been Upgraded to Overweight from Neutral by JP Morgan in its latest research note that was published on December 14.

Enel Americas S.A., which has current market capitalization of above $13 Billion, published its last quarter earnings on June 30, 2019.

ENIA surged by $0.17 during the normal trading session on Thursday and reaching a high of $8.75 during the day while it closed the day at $8.67. The Enel stock had a high trading volume of 3.43 million shares on that day, which is high compared to the average daily volume of 1.04M shares. ENIA has also gained 3.96% of its value over the past 7 days. However, the stock has surged by 3.34% in the 3 months of the year. Over the past six months meanwhile, it has lost 5.04% while it has lost 2.80% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -2.91% from its 3 months high price. However, taking another look at ENIA will indicate that it is trading +11.44% away from its 90-day low. Looking at the bigger picture, the Enel Americas S.A. stock has dropped by -17.59% from its 52-week high while it has surged by +18.93% from its 52-week low price.

Enel has around 1 Trillion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $10 Trillion. The Enel stock is bringing in revenue of over 12 months, which is roughly 44 Billion. Despite all that, Enel Americas S.A. is seeing things progressing very much as their y-o-y quarterly revenue surged by 1.06%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 91.75%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 90.42%. Over the past 20 days, Enel’s Stochastic %K stood at 95.08% while its Stochastic %D was revealed to be 95.57%.