ENGN Technical Analysis - ENGENE HOLDINGS INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to ENGN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ENGN is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

ENGN is one of the better performing stocks in the Biotechnology industry, it outperforms 84% of 536 stocks in the same industry.

In the last month ENGN has a been trading in the 4.82 - 8.35 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, ENGN did better than 93% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

ENGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENGN is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ENGENE HOLDINGS INC / ENGN Weekly stock chart

ENGENE HOLDINGS INC / ENGN Daily stock chart

Setup Rating and Analysis

Although ENGN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.29

8.22

We found 2 important support areas.

Support @6.69 from a trend line in the daily time frame.
Support @4.33 from a trend line in the daily 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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for ENGN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ENGN is up.
ChartMill Relative Strength	93.84	POSITIVE	ENGN has a high relative strength, it outperformed 93.84% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ENGN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ENGN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ENGN is above the rising SMA(200).
Relative Strength Index/RSI (14)	79.4	OVERBOUGHT	The high RSI value suggests ENGN may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests ENGN has a positive trend.
Stochastics (14,3)	87.93	OVERBOUGHT	The high Stochastics value suggests ENGN may be overbought.
Average True Range in percent/ATR (20)	7.33	HIGH VOLATILITY	The high ATR as a percentage value for ENGN suggests high volalility.
Average Directional Index/ADX (14)	41.14	POSITIVE	The high ADX value value for ENGN suggests a strong trend.