ENOVIS CORP (ENOV) Technical Analysis
NYSE:ENOV • US1940141062
Current stock price
ENOV Technical Rating and Analysis
Overall ENOV gets a technical rating of 0 out of 10. ENOV 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 88% of all other stocks performed better in the past year than ENOV.
- ENOV is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ENOV is lagging the market.
- ENOV has an average volume of 1050960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ENOV is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, ENOV did better than 40% of them.
- In the last month ENOV has a been trading in the 21.40 - 24.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ENOV Weekly and Daily overview Charts
ENOV Setup Rating and Analysis
Although the technical rating is bad, ENOV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.77, a Stop Loss order could be placed below this zone.
More info and screens
ENOV Support and Resistance Analysis
21.25
When analyzing the support we notice one important area.
- A support zone ranging from 21.46 to 21.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 23.41 to 23.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.97 from a trend line in the weekly time frame.
- A resistance zone ranging from 25.47 to 26.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
ENOV 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 | DOWN | NEGATIVE | The long term trend for ENOV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENOV is neutral. |
| ChartMill Relative Strength | 12.18 | NEGATIVE | ENOV has a low relative strength, it was outperformed by 87.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENOV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENOV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.23 | NEUTRAL | The RSI value for ENOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ENOV has a positive trend. |
| Stochastics (14,3) | 50.11 | NEUTRAL | The Stochastics value for ENOV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.42 | HIGH VOLATILITY | The high ATR as a percentage value for ENOV suggests high volalility. |
| Average Directional Index/ADX (14) | 12.52 | NEGATIVE | The low ADX value for ENOV suggests a weak or negative trend. |
ENOV Chart- and CandleStick Pattern Analysis
ENOV Technicals: Chart, Performance Metrics, Trend & Indicators
22.76
+0.12 (+0.53%)
ENOVIS CORP / ENOV TA FAQ
What is the ChartMill technical rating of ENOVIS CORP (ENOV) stock?
ChartMill assigns a technical rating of 0 / 10 to ENOV.
What is the current trend direction of ENOVIS CORP (ENOV) stock?
The current trend direction for ENOVIS CORP (ENOV) is Bearish.
What is the RSI signal for ENOV stock?
ENOVIS CORP (ENOV) has an RSI value of 48.2345. This indicates that the stock is currently neutral.
What is the short term momentum for ENOVIS CORP (ENOV) stock?
The short term momentum for ENOVIS CORP (ENOV) is neutral.
What is the support and resistance level for ENOV stock?
ENOVIS CORP (ENOV) has a support level at 21.77 and a resistance level at 23.41. Check the full technical report for our detailed analysis of ENOV support and resistance levels.