Taking everything into account, ENCP scores 8 out of 10 in our technical rating. In the last year, ENCP was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
ENCP 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.
More info and screens
12.13
We found 1 important resistance area.
- Resistance @12.50 from a horizontal 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 | 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. |
12.25
+0.11 (+0.91%)
ENERGEM CORP - CLASS A / ENCP 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.