Will ENLT stock go up?

**Enlight Renewable Energy (ENLT) stock is likely to face a bearish trend in the near term**, and several factors indicate caution for investors:

1. **Current Price Trend**: ENLT's stock is currently between narrow resistance levels and wide resistance levels, suggesting that the price is facing upward pressure but may encounter resistance as it approaches the $24.23 narrow resistance level.
2. **Forecasted Price Trend**: The forecast for ENLT's stock price trend is bearish, with a sell advice and a historical win rate of 53.73% for this type of forecast.
3. **Support and Resistance Levels**: The stock is positioned between narrow and wide resistance levels, which could limit upward movement. The support level is at $17.49, and the resistance level is at $22.55, with a narrower resistance at $24.23.

4. **Recent Performance**: ENLT recently hit a 52-week high of $23.66, but this was accompanied by a significant increase in trading volume, which could indicate a potential reversal point.
5. **Market Sentiment**: Despite the positive recent performance, market sentiment is cautious, with a forecast that suggests a potential decline. The stock has a 15% continuation probability, indicating that the bullish trend may not persist.
6. **Volume and Price Movement**: The trading volume on July 2, 2025, was 38,701 shares, and the closing price was $25.535. This volume and price point could be indicative of a potential reversal if followed by a decrease in volume and price.

|code|Ticker|Name|Date|Closing Price|Trading Volume|market_code|
|---|---|---|---|---|---|---|
|ENLT|ENLT.O|Enlight Renewable|20250702|25.6854|38502|185|

In conclusion, while there is a possibility of an upward movement in ENLT's stock price, the overall sentiment and forecast suggest that investors should be cautious, and the stock may more likely face a bearish trend in the near term.