Enlight Renewable Energy Ltd (ENLT)

Enlight Renewable Energy Ltd is trading at $74.74, down 4.35% on the session. The 50 day average sits at $85.22 and the 200 day at $71.63, which puts the stock in a uptrend. RSI is at 41.4, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $77.05 with resistance near $87.11, so that band frames the current range. Average daily movement is roughly $3.51, or about 4.7% of the share price, which is what any stop placement has to allow for. The overall health score of 37 out of 100 combines a trend score of 50, momentum of 24 and a risk score of 36.

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, the Middle East, North Africa, Europe, the United States, and internationally. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects. The company holds a portfolio of renewable energy projects that consists of approximately 20 GW of multi-technology generation capacity and 35.8 GWh of energy storage capacity. The company was incorporated in 1981 and is headquartered in Rosh HaAyin, Israel. LT