ENERGEM CORP - CLASS A (ENCP) Technical Analysis
NASDAQ:ENCP • KYG304491056
Current stock price
ENCP Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ENCP. ENCP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, ENCP did better than 70% of all other stocks. On top of that, ENCP also shows a nice and consistent pattern of rising prices.
- ENCP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ENCP is performing more or less in line with the market.
- In the last month ENCP has a been trading in the 3.40 - 13.75 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ENCP Weekly and Daily overview Charts
ENCP Setup Rating and Analysis
Although ENCP has an excellent technical rating, the quality of the presented setup is not ideal 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
ENCP Support and Resistance Analysis
12.13
When analyzing the resistance we notice one important area.
- Resistance @12.50 from a horizontal line in the daily time frame.
ENCP Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for ENCP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENCP is up. |
| ChartMill Relative Strength | 70.19 | POSITIVE | ENCP has a high relative strength, it outperformed 70.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENCP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENCP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.27 | NEUTRAL | The RSI value for ENCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests ENCP has a positive trend. |
| Stochastics (14,3) | 85.86 | OVERBOUGHT | The high Stochastics value suggests ENCP may be overbought. |
| Average True Range in percent/ATR (20) | 17.14 | HIGH VOLATILITY | The high ATR as a percentage value for ENCP suggests high volalility. |
| Average Directional Index/ADX (14) | 37.46 | POSITIVE | The high ADX value value for ENCP suggests a strong trend. |
ENCP Chart- and CandleStick Pattern Analysis
ENCP Technicals: Chart, Performance Metrics, Trend & Indicators
12.25
+0.11 (+0.91%)
ENERGEM CORP - CLASS A / ENCP TA FAQ
What is the technical rating for ENCP stock?
ChartMill assigns a technical rating of 8 / 10 to ENCP.
Can you provide the trend direction for ENERGEM CORP - CLASS A?
The current trend direction for ENERGEM CORP - CLASS A (ENCP) is Bearish.
What is the RSI signal for ENCP stock?
ENERGEM CORP - CLASS A (ENCP) has an RSI value of 59.2747. This indicates that the stock is currently neutral.
What is the MACD signal for ENERGEM CORP - CLASS A (ENCP) stock?
The MACD indicator for ENERGEM CORP - CLASS A (ENCP) has a value of 0.540209, indicating a bearish trend.
What is the support and resistance level for ENCP stock?
ENERGEM CORP - CLASS A (ENCP) has a resistance level at 12.5. Check the full technical report for our detailed analysis of ENCP support and resistance levels.