ENGENE THERAPEUTICS INC (ENGN) Technical Analysis
NASDAQ:ENGN • CA29286M1059
Current stock price
ENGN Technical Rating and Analysis
Taking everything into account, ENGN scores 3 out of 10 in our technical rating. Although ENGN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ENGN has a been trading in the 6.69 - 8.85 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.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that ENGN is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ENGN is an average performer in the Biotechnology industry, it outperforms 67% of 515 stocks in the same industry.
- 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.
ENGN Weekly and Daily overview Charts
ENGN Setup Rating and Analysis
ENGN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ENGN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ENGN Support and Resistance Analysis
5.95
4 important support areas can be observed.
- Support @7.08 from a trend line in the daily time frame.
- Support @6.77 from a trend line in the weekly time frame.
- A support zone ranging from 6.36 to 6.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.01 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.64 to 7.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.08 to 8.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
ENGN 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 | NEUTRAL | NEUTRAL | The long term trend for ENGN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENGN is down. |
| ChartMill Relative Strength | 84.71 | POSITIVE | ENGN has a high relative strength, it outperformed 84.71% 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) | UP | MIXED | The current price of ENGN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.77 | NEUTRAL | The RSI value for ENGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ENGN has a negative trend. |
| Stochastics (14,3) | 18.06 | OVERSOLD | The low Stochastics value suggests ENGN may be oversold. |
| Average True Range in percent/ATR (20) | 7.63 | HIGH VOLATILITY | The high ATR as a percentage value for ENGN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.18 | NEGATIVE | The low ADX value for ENGN suggests a weak or negative trend. |
ENGN Chart- and CandleStick Pattern Analysis
ENGN Technicals: Chart, Performance Metrics, Trend & Indicators
7.25
-0.02 (-0.28%)
ENGENE THERAPEUTICS INC / ENGN TA FAQ
What is the technical rating for ENGN stock?
ChartMill assigns a technical rating of 3 / 10 to ENGN.
What is the current trend direction of ENGENE THERAPEUTICS INC (ENGN) stock?
The current trend direction for ENGENE THERAPEUTICS INC (ENGN) is Bearish.
Can you provide the RSI signal for ENGENE THERAPEUTICS INC?
ENGENE THERAPEUTICS INC (ENGN) has an RSI value of 43.7657. This indicates that the stock is currently neutral.
What is the MACD signal for ENGENE THERAPEUTICS INC (ENGN) stock?
The MACD indicator for ENGENE THERAPEUTICS INC (ENGN) has a value of -0.065203, indicating a bearish trend.
Can you provide the support and resistance levels for ENGENE THERAPEUTICS INC?
ENGENE THERAPEUTICS INC (ENGN) has a support level at 7.08 and a resistance level at 7.64. Check the full technical report for our detailed analysis of ENGN support and resistance levels.