ENIGMATIG LTD - CLASS A (EGG) Stock Technical Analysis
NYSEARCA:EGG • KYG3066T1040
Taking everything into account, EGG scores 4 out of 10 in our technical rating. In the last year, EGG was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, EGG is a bad performer in the overall market: 100% of all stocks are doing better.
- EGG is part of the Professional Services industry. There are 88 other stocks in this industry, of which 85% are performing better than EGG.
- In the last month EGG has a been trading in the 4.71 - 6.47 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: EGG has an average volume of 13350 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Considerably lower volume is observed in the last couple of days.
EGG has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
3.59
2 important support areas can be observed.
- Support @3.84 from a trend line in the daily time frame.
- Support @3.63 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @6.06 from a trend line in the daily 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 EGG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EGG is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | EGG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EGG is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 35.11 | NEUTRAL | The RSI value for EGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests EGG has a negative trend. |
| Stochastics (14,3) | 22.31 | NEUTRAL | The Stochastics value for EGG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.7 | HIGH VOLATILITY | The high ATR as a percentage value for EGG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.28 | NEUTRAL | The ADX value for EGG suggests a possible start of a new trend. |
4.71
-0.77 (-14.05%)
ENIGMATIG LTD - CLASS A / EGG FAQ
What is the technical rating for EGG stock?
ChartMill assigns a technical rating of 4 / 10 to EGG.
What is the trend direction for EGG stock?
The current trend direction for ENIGMATIG LTD - CLASS A (EGG) is Bullish.
What is the RSI signal for ENIGMATIG LTD - CLASS A (EGG) stock?
ENIGMATIG LTD - CLASS A (EGG) has an RSI value of 35.1094. This indicates that the stock is currently neutral.
What are the support and resistance levels for ENIGMATIG LTD - CLASS A (EGG) stock?
ENIGMATIG LTD - CLASS A (EGG) has a support level at 3.84 and a resistance level at 6.06. Check the full technical report for our detailed analysis of EGG support and resistance levels.