Enwell Energy (LSE:ENW) - One for the watchlist.

29 באוק׳ 2024

Enwell Energy (ENW) is showing strong technical signals, making it a compelling watch for those tracking the oil sector. Currently trading above both the 12- and 36-month SMAs, the stock's RSI and MACD indicators are trending upward, suggesting bullish momentum. The weekly chart positions it above the Ichimoku cloud, with potential to break into the monthly cloud on a sector-wide oil reversal. Fundamentally, Enwell scores an impressive 100/100 on Stockopedia, highlighting its robust financial health and growth prospects. This combination of technical strength and strong fundamentals makes it a stock to keep on the radar.

Stop would currently be held at 20p.

I do not hold shares in ENW.