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ENGLOBAL CORP (ENG) Stock Technical Analysis

USA - NASDAQ:ENG - US2933062059 - Common Stock

1.08 USD
-0.2 (-15.62%)
Last: 12/5/2024, 8:00:01 PM
0.646 USD
-0.43 (-40.19%)
After Hours: 12/5/2024, 8:00:01 PM
Technical Rating and Analysis

0

Overall ENG gets a technical rating of 0 out of 10. ENG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ENG is a bad performer in the overall market: 90% of all stocks are doing better.
ENG is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, of which 88% are performing better than ENG.
ENG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ENG is lagging the market.
In the last month ENG has a been trading in the 1.08 - 1.66 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: ENG has an average volume of 27344 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Weekly and Daily overview Charts
ENGLOBAL CORP / ENG Weekly stock chart
ENGLOBAL CORP / ENG Daily stock chart
Setup Rating and Analysis

1

The technical rating of ENG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

1.07

1.82

When analyzing the resistance we notice 6 important areas.

  • A resistance zone ranging from 1.30 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @1.36 from a trend line in the daily time frame.
  • Resistance @1.41 from a horizontal line in the daily time frame.
  • Resistance @1.56 from a trend line in the weekly time frame.
  • Resistance @1.66 from a trend line in the daily time frame.
  • Resistance @1.80 from a trend line in the weekly time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for ENG is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for ENG is neutral.
ChartMill Relative Strength10.24NEGATIVEENG has a low relative strength, it was outperformed by 89.76% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of ENG is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of ENG is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of ENG is below a declining SMA(200).
Relative Strength Index/RSI (14)34.53NEUTRALThe RSI value for ENG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.02NEGATIVEThe MACD value suggests ENG has a negative trend.
Stochastics (14,3)15.68OVERSOLDThe low Stochastics value suggests ENG may be oversold.
Average True Range in percent/ATR (20)12.93HIGH VOLATILITYThe high ATR as a percentage value for ENG suggests high volalility.
Average Directional Index/ADX (14)30.15POSITIVEThe high ADX value value for ENG suggests a strong trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)

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ENGLOBAL CORP / ENG Daily stock chart

ENGLOBAL CORP

NASDAQ:ENG (12/5/2024, 8:00:01 PM)

After market: 0.646 -0.43 (-40.19%)

1.08

-0.2 (-15.62%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-15.62%
1 Week-19.4%
2 Weeks-14.96%
1 Month-20%
3 Month-12.9%
6 Month-20%
12 Month-43.16%
2 Year-82.61%
3 Year-89.77%
5 Year-86.22%
10 Year-92.89%
15 Year-95.69%
Volatility
ATR(14)0.12
ATR(20)%12.93%
ATR Inc16.38%
Range Today0.26
ADR(20)0.14
ADR(20)%12.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.24
3 months CRSN/A
6 months CRSN/A
Mansfield-3.77
10 Day High1.52
10 Day Low1.08
20 Day High1.66
20 Day Low1.08
52 Week High2.3
52 Week Low1.01
CS1 EndN/A
CR1 Start1.3
Volume & EV
DER(3)-12.58%
DER(5)-8.11%
Volume373.90K
Volume Incr275.01%
Vol(5)94.26K
Vol(50)27.34K

ENGLOBAL CORP / ENG FAQ

What is the technical rating for ENG stock?

ChartMill assigns a technical rating of 0 / 10 to ENG.


What is the trend direction for ENG stock?

The current trend direction for ENGLOBAL CORP (ENG) is Bearish.


What is the RSI signal for ENG stock?

ENGLOBAL CORP (ENG) has an RSI value of 34.5285. This indicates that the stock is currently neutral.


Can you provide the MACD signal for ENGLOBAL CORP?

The MACD indicator for ENGLOBAL CORP (ENG) has a value of -0.0159401, indicating a bearish trend.


What are the support and resistance levels for ENGLOBAL CORP (ENG) stock?

ENGLOBAL CORP (ENG) has a resistance level at 1.3. Check the full technical report for our detailed analysis of ENG support and resistance levels.