Analysis for Elecnor
Description & usage
Elecnor is a Spanish engineering and infrastructure group active in energy, grid, construction, and services projects. The company benefits from long-cycle investment in power infrastructure and international project exposure. Key drivers are backlog intake, project margins, execution risk, and cash conversion.
Basic info
- Symbol
- ENO.MC
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.1 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- ENO.MC
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.1 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Analysis summary
Technical asset picture
Elecnor (ENO.MC) currently has a total score of 80 points, placing it in the very strong range. The score is made up of Performance (88), Stability (60) and Trend (89). All three sub-scores are currently above average.
Performance scores 88 points (very strong). Key strength: 1Y return at 118.1 %. Even the weakest return is still strong in absolute terms: 10Y return at 331.3 %. This points to a sharper upswing more recently.
Stability scores 60 points (strong). Key strength: return/volatility ratio at 3.23. Main drag: volatility (365d, annualized) at 36.5 %. That implies elevated swings. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 89 points (very strong). Key strength: Price is about 19.6 % above SMA50. Even the weakest metric remains solid in absolute terms: trend strength at 0.53. That often means the move is strong, but not perfectly steady.
Overall, the very strong total score is driven mainly by Trend and Performance; Stability is the biggest lever for improvement. On a metric level, SMA50 distance stands out, while volatility (365d, annualized) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: Euro area PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.