ENGENE HOLDINGS INC (ENGN) Stock Technical Analysis
NASDAQ:ENGN - CA29286M1059 - Common Stock
4.62 USD
-0.13 (-2.74%)
4.4401 USD
-0.18 (-3.89%)
Overall ENGN gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ENGN was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ENGN is a bad performer in the overall market: 81% of all stocks are doing better.
ENGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ENGN has a been trading in the 3.52 - 4.85 range, which is quite wide. It is currently trading near the high of this range.
ENGN is part of the Biotechnology industry. There are 542 other stocks in this industry, ENGN did better than 52% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ENGN has an average technical rating and it also does not offer a high 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
3.14
9.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.74 to 3.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.47 from a trend line in the weekly time frame.
- Support @3.17 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @9.23 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for ENGN is up. |
| ChartMill Relative Strength | 19.13 | NEGATIVE | ENGN has a low relative strength, it was outperformed by 80.87% 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) | UP | POSITIVE | The current price of ENGN is above the rising 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) | 71.54 | OVERBOUGHT | The high RSI value suggests ENGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ENGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.01 | OVERBOUGHT | The high Stochastics value suggests ENGN may be overbought. |
| Average True Range in percent/ATR (20) | 6.46 | HIGH VOLATILITY | The high ATR as a percentage value for ENGN suggests high volalility. |
| Average Directional Index/ADX (14) | 23.42 | NEUTRAL | The ADX value for ENGN suggests a possible start of a new 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)
4.62
-0.13 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.74%
1 Week6.94%
2 Weeks25.54%
1 Month20.63%
3 Month20.31%
6 Month-23.13%
12 Month-33.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%6.46%
ATR Inc77.6%
Range Today0.29
ADR(20)0.29
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.13
Mansfield-2.47
10 Day High4.85
10 Day Low3.64
20 Day High4.85
20 Day Low3.52
52 Week High11
52 Week Low2.65
CS1 End3.79
CR1 Start9.23
Volume & EV
DER(3)-9.75%
DER(5)-2.79%
Volume24.80K
Volume Incr-33.84%
Vol(5)67.52K
Vol(50)83.53K