ENERFLEX LTD (EFXT) Stock Technical Analysis
USA - NYSE:EFXT - CA29269R1055 - Common Stock
Taking everything into account, EFXT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EFXT is showing a nice and steady performance.
EFXT has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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7.70
When analyzing the support we can see 5 important areas.
- A support zone ranging from 12.44 to 12.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.81 from a trend line in the daily time frame.
- A support zone ranging from 11.36 to 11.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.78 from a horizontal line in the daily time frame.
- Support @7.78 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EFXT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EFXT is up. |
| ChartMill Relative Strength | 92.52 | POSITIVE | EFXT has a high relative strength, it outperformed 92.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EFXT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EFXT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EFXT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.88 | OVERBOUGHT | The high RSI value suggests EFXT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests EFXT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.98 | OVERBOUGHT | The high Stochastics value suggests EFXT may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for EFXT suggests some volalility. |
| Average Directional Index/ADX (14) | 49.01 | POSITIVE | The high ADX value value for EFXT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.75 | 12.45 | 1.30 (9.49%) | 10.54% |
| An entry @13.75. This is a Buy Stop order right above the 10 day high. | An exit @12.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.30 points, which is 9.49%. | When investing 10.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.53
-0.09 (-0.66%)
ENERFLEX LTD / EFXT FAQ
What is the technical rating for EFXT stock?
ChartMill assigns a technical rating of 10 / 10 to EFXT.
What is the current trend direction of ENERFLEX LTD (EFXT) stock?
The current trend direction for ENERFLEX LTD (EFXT) is Bullish.
What is the RSI signal for EFXT stock?
ENERFLEX LTD (EFXT) has an RSI value of 71.8846. This indicates that the stock is currently overbought.
Can you provide the short term momentum for ENERFLEX LTD?
The short term momentum for ENERFLEX LTD (EFXT) is positive.
What are the support and resistance levels for ENERFLEX LTD (EFXT) stock?
ENERFLEX LTD (EFXT) has a support level at 12.52. Check the full technical report for our detailed analysis of EFXT support and resistance levels.