Looking for a breakup descending trend line & price action aboveLooking for a breakup descending trend line and consistent price action above. If so, a Long position will be opened. Later on, the position parameteres will be updated.
4ENG trade ideas
BUYS ON ENAGAS💡 Today we analyze Enagás (ENG)
Enagás is a solid company, although it has faced pressures for its dividend policy. Currently in a downward trend, the stock could be close to a change, but it is key to wait for the price to exceed €15.5, breaking the resistance and the bearish trend.
1. Operational Solidity: Enagás is a leader in gas infrastructure management and has a stable business model.
2. Energy Expansion: With the energy transition in Europe, Enagás is well positioned in hydrogen and renewable energy projects.
3. Technical Opportunity: Exceeding €15.5 would be a confirmation signal of a possible change in trend.
4. Risks: It is important to monitor the dividend situation and external factors such as energy regulation.
This analysis is not an investment recommendation.
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Following the Trend with ENAGASHello traders! Today I would like to share with you a trade that I am about to embark on. As part of my investment approach, I have decided to risk 1% of my portfolio on an opportunity I have identified in ENAGAS, a stock that shows signs of reversal for a possible longer-term uptrend.
Approaching the Weekly Close
Just minutes before this week's close, I am planning to enter a position in ENAGAS. I am watching to buy as close as possible to the close of this weekly candlestick.
Risk Management and Stop Loss
For this trade, I am setting my stop loss at 13.095. This level was carefully chosen because it represents the first sign that the possible longer-term uptrend may not materialize. As a follower of the trend-following philosophy, my strategy is to cut losses quickly and allow profits to develop over time.
No Defined Targets: Trend-Following Philosophy
It is important to note that, following the trend-following philosophy, I have chosen not to set specific targets for this trade. The strategy is to allow the trend to develop and adjust the position as necessary, focusing on capturing the most significant price movements.
Disclaimer: Everyone's Own Analysis and Regular Updates
It's important to acknowledge that I could be wrong in my analysis and trading decisions. I encourage everyone to conduct their own analysis and exercise caution when making investment decisions. I will continue to provide updates on all movements I make in this trade, allowing for transparency and learning from both successes and failures.
Enagas. H&S spotted on the weeklyEnagas is forming a H&S on the weekly with a breakout range at 13.5$
My strategy is to see a rebound to the breakout point (15.5$) to eventually drop 12% to the 13.5$ support area.
Enagas going down I see Enagas completing an impulsive wave, the 5th wave would be starting, so I should open a short position. 1st target 15,55 €.
Predicción ENG 28-02-2022Predicción para ENG en corto. Recomendada por nuestro algoritmo de IA. El horizonte temporal de la recomendación es 5 días.
Enagas: Top pick for a dividend strategyWith a yearly dividend yield of 6.6%, it is at the current moment one of the bests in the Spanish stock exchange. Moreover, from the technical analysis perspective, we have a strong support level on the daily chart (19.47 from last candle) and on the weekly chart (17.71). We have in our HT 200 portfolio for the long term and so far we have +10.70% + dividends. 2022 looks a year for value investing and dividend investors, as they are become more risk averse in comparison to 2020 and the increasing inflation, so we believe companies such as Enagas, with a reliable net income in all quarters, offer a safe heaven for these type of investors.
Encapsulated around the EMA 200 until 15 JuneDue to the lack of incoming volume and the general sentiment in the markets, that is waiting until we can see the reopening of businesses and probably waiting also until the Q2 results, this stock will remain lateral with maybe a weak upside trend.
ENAGAS STRONG LONG$ENG
Enagás already has institutions on the share registry. They own 32% of the company.
Undervalued. In a overvalued market.
Trading currently at a discount 32% off.
D/E 171.94 increasing over each Earnings
TTM is currently at 1.25Billion which shows undervaltion.
P/T €28.0
ENAGASEnagas has been underperforming the IBEX35 index. It has been moving within a flag. One could go long playing the flag range.
