Buy $ENIC - NRPicks Feb 07
Enel Chile SA, an electric utility company, engages in the generation, transmission and distribution of electricity in Chile. The company operates through the Generation and Distribution business segments. It transmits and distributes electricity in 33 municipalities in the Santiago Metropolitan Region.
Enel is a so-called defensive company, currently we see indices approaching highs and these companies are a good choice to avoid aggressive pullbacks in the market.
Fundamentals:
- Value
- 95.6% estimated net earnings growth over the next 3 years.
- ROE 12.6% VS 9.4% industry.
Technicals:
- Price level below SMA 250-200-150
- Williams R% at -12% levels
- RSI (60) Overbought
- +5% average upside during the month
A correction of 19% was presented from January 8 to January 29, which stopped at $3.65 support. The only reason for the correction was the appearance of the new COVID-19 strain; however, a trend change can be seen from this level. Finally, the technical indicators do not look very favorable due to the fact that we see a considerable recovery in the stock.
Enel is a so-called defensive company, currently we see indices approaching highs and these companies are a good choice to avoid aggressive pullbacks in the market.
Fundamentals:
- Value
- 95.6% estimated net earnings growth over the next 3 years.
- ROE 12.6% VS 9.4% industry.
Technicals:
- Price level below SMA 250-200-150
- Williams R% at -12% levels
- RSI (60) Overbought
- +5% average upside during the month
A correction of 19% was presented from January 8 to January 29, which stopped at $3.65 support. The only reason for the correction was the appearance of the new COVID-19 strain; however, a trend change can be seen from this level. Finally, the technical indicators do not look very favorable due to the fact that we see a considerable recovery in the stock.
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