ENOVIS CORP (ENOV) Stock Technical Analysis
NYSE:ENOV - US1940141062 - Common Stock
31.02 USD
-0.15 (-0.48%)
30.85 USD
-0.17 (-0.55%)
Taking everything into account, ENOV scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ENOV was also a bad performer in the overall market in the last year.
89% of all other stocks performed better in the past year than ENOV.
ENOV is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, of which 61% are performing better than ENOV.
ENOV 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.
In the last month ENOV has a been trading in the 25.46 - 32.03 range, which is quite wide. It is currently trading near the high of this range.
ENOV has an average volume of 1479250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
ENOV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 31.01, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.21
48.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.00 to 31.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @31.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 32.25 to 32.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.04 from a horizontal line in the weekly time frame.
- Resistance @38.06 from a trend line in the weekly time frame.
- Resistance @48.10 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 | DOWN | NEGATIVE | The long term trend for ENOV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENOV is up. |
| ChartMill Relative Strength | 11.49 | NEGATIVE | ENOV has a low relative strength, it was outperformed by 88.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ENOV is above 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) | 58 | NEUTRAL | The RSI value for ENOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests ENOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.56 | OVERBOUGHT | The high Stochastics value suggests ENOV may be overbought. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ENOV suggests some volalility. |
| Average Directional Index/ADX (14) | 22.38 | NEUTRAL | The ADX value for ENOV 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)
31.02
-0.15 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.48%
1 Week3.4%
2 Weeks4.83%
1 Month14.76%
3 Month-0.89%
6 Month-19.74%
12 Month-33.43%
2 Year-44.65%
3 Year-38.76%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%4.23%
ATR Inc-41.37%
Range Today0.89
ADR(20)1.18
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.49
Mansfield-2.64
10 Day High32.03
10 Day Low28.32
20 Day High32.03
20 Day Low25.47
52 Week High49.83
52 Week Low25.47
CS1 End31.01
CR1 Start31.44
Volume & EV
DER(3)-0.34%
DER(5)-1.34%
Volume1.07M
Volume Incr-24.13%
Vol(5)945.98K
Vol(50)1.48M