ENFUSION INC - CLASS A (ENFN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ENFN - US2928121043 - Common Stock
We assign a technical rating of 3 out of 10 to ENFN. ENFN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ENFN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.75, a Stop Loss order could be placed below this zone.
More info and screens
7.77
4 important support areas can be observed.
- A support zone ranging from 10.47 to 10.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.24 from a trend line in the daily time frame.
- Support @8.29 from a trend line in the weekly time frame.
- Support @7.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.86 to 11.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.50 to 11.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ENFN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENFN is down. |
| ChartMill Relative Strength | 81.43 | POSITIVE | ENFN has a high relative strength, it outperformed 81.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENFN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENFN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENFN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.68 | NEUTRAL | The RSI value for ENFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ENFN has a negative trend. |
| Stochastics (14,3) | 63.11 | NEUTRAL | The Stochastics value for ENFN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for ENFN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.3 | POSITIVE | The high ADX value value for ENFN suggests a strong trend. |
10.76
-0.04 (-0.37%)
ENFUSION INC - CLASS A / ENFN FAQ
What is the technical rating for ENFN stock?
ChartMill assigns a technical rating of 3 / 10 to ENFN.
What is the trend direction for ENFN stock?
The current trend direction for ENFUSION INC - CLASS A (ENFN) is Bullish.
Can you provide the RSI signal for ENFUSION INC - CLASS A?
ENFUSION INC - CLASS A (ENFN) has an RSI value of 42.6813. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ENFUSION INC - CLASS A?
The short term momentum for ENFUSION INC - CLASS A (ENFN) is negative.
What is the buy/sell signal for ENFUSION INC - CLASS A (ENFN) stock?
The buy/sell signal for ENFUSION INC - CLASS A (ENFN) is hold as the short term and long term trends are mixed.