We assign a technical rating of 7 out of 10 to ENGN. In the last year, ENGN was one of the better performers, but we do observe some doubts in the very recent evolution.
ENGN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.82. Right above this resistance zone may be a good entry point.
More info and screens
6.86
3 important support areas can be observed.
- A support zone ranging from 7.79 to 7.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.05 from a trend line in the daily time frame.
- Support @6.93 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.82 to 8.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 9.36 to 9.36. 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 ENGN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENGN is neutral. |
| ChartMill Relative Strength | 90.87 | POSITIVE | ENGN has a high relative strength, it outperformed 90.87% 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) | DOWN | MIXED | The current price of ENGN is above a declining 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) | 57.48 | NEUTRAL | The RSI value for ENGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENGN has a positive trend. |
| Stochastics (14,3) | 41.96 | NEUTRAL | The Stochastics value for ENGN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.3 | HIGH VOLATILITY | The high ATR as a percentage value for ENGN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for ENGN suggests a weak or negative trend. |
8.77
+0.08 (+0.92%)
ENGENE HOLDINGS INC / ENGN FAQ
What is the technical rating for ENGN stock?
ChartMill assigns a technical rating of 7 / 10 to ENGN.
Can you provide the trend direction for ENGENE HOLDINGS INC?
The current trend direction for ENGENE HOLDINGS INC (ENGN) is Bullish.
What is the RSI signal for ENGENE HOLDINGS INC (ENGN) stock?
ENGENE HOLDINGS INC (ENGN) has an RSI value of 57.4806. This indicates that the stock is currently neutral.
What are the support and resistance levels for ENGENE HOLDINGS INC (ENGN) stock?
ENGENE HOLDINGS INC (ENGN) has a support level at 7.89 and a resistance level at 8.82. Check the full technical report for our detailed analysis of ENGN support and resistance levels.