ENGENE HOLDINGS INC (ENGN) Stock Technical Analysis
NASDAQ:ENGN - Nasdaq - CA29286M1059 - Common Stock - Currency: USD
Overall ENGN gets a technical rating of 1 out of 10. ENGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ENGN is a bad performer in the overall market: 97% of all stocks are doing better.
ENGN is one of the lesser performing stocks in the Biotechnology industry. 78% of 558 stocks in the same industry do better.
ENGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ENGN has a been trading in the 2.90 - 3.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ENGN is bad and it also does not present a quality setup 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
3.01
3.93
We found 2 important support areas.
- Support @3.25 from a trend line in the weekly time frame.
- Support @3.04 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.69 to 3.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.83 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ENGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENGN is neutral. |
| ChartMill Relative Strength | 3.84 | NEGATIVE | ENGN has a low relative strength, it was outperformed by 96.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ENGN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.17 | NEUTRAL | The RSI value for ENGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ENGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.44 | NEUTRAL | The Stochastics value for ENGN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.21 | HIGH VOLATILITY | The high ATR as a percentage value for ENGN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.7 | NEGATIVE | The low ADX value for ENGN suggests a weak or negative trend. |
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)
3.31
-0.37 (-10.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-10.05%
1 Week-12.89%
2 Weeks-7.8%
1 Month2.8%
3 Month-17.25%
6 Month-56.5%
12 Month-63.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%8.21%
ATR Inc43.6%
Range Today0.4
ADR(20)0.27
ADR(20)%8.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.84
Mansfield-4.95
10 Day High3.98
10 Day Low3.26
20 Day High3.98
20 Day Low2.9
52 Week High11
52 Week Low2.65
CS1 End3.25
CR1 Start3.69
Volume & EV
DER(3)-18.07%
DER(5)-15.32%
Volume64.70K
Volume Incr-23.5%
Vol(5)74.44K
Vol(50)89.25K