ENOVIS CORP (ENOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ENOV - US1940141062 - Common Stock
30.31 USD
-0.12 (-0.39%)
30.31 USD
0 (0%)
We assign a technical rating of 0 out of 10 to ENOV. ENOV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
When comparing the yearly performance of all stocks, ENOV is a bad performer in the overall market: 84% of all stocks are doing better.
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.
ENOV is an average performer in the Health Care Equipment & Supplies industry, it outperforms 44% of 188 stocks in the same industry.
In the last month ENOV has a been trading in the 26.69 - 32.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ENOV is bad and it also does not present a 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
26.03
48.58
We found 5 important support areas.
- A support zone ranging from 29.81 to 30.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @28.56 from a trend line in the weekly time frame.
- Support @28.06 from a horizontal line in the weekly time frame.
- Support @26.83 from a horizontal line in the daily time frame.
- Support @26.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 30.40 to 31.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.02 to 32.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.87 to 33.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ENOV is neutral. |
| ChartMill Relative Strength | 16.3 | NEGATIVE | ENOV has a low relative strength, it was outperformed by 83.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ENOV is above 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) | 51.34 | NEUTRAL | The RSI value for ENOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ENOV has a positive trend. |
| Stochastics (14,3) | 59.85 | NEUTRAL | The Stochastics value for ENOV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for ENOV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for ENOV suggests a weak or negative 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)
30.31
-0.12 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.39%
1 Week11.56%
2 Weeks-2.98%
1 Month-5.25%
3 Month-1.91%
6 Month-3.16%
12 Month-37.9%
2 Year-38.72%
3 Year-44.01%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.42
ATR(20)%4.89%
ATR Inc-43.6%
Range Today0.61
ADR(20)1.43
ADR(20)%4.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.3
3 months CRS35.1
6 months CRS24.77
Mansfield-2.29
10 Day High31.81
10 Day Low26.69
20 Day High32.41
20 Day Low26.69
52 Week High49.75
52 Week Low25.47
CS1 End30.26
CR1 Start30.4
Volume & EV
DER(3)1.63%
DER(5)-0.13%
Volume717.60K
Volume Incr-7.01%
Vol(5)812.16K
Vol(50)765.95K
ENOVIS CORP / ENOV FAQ
What is the ChartMill technical rating of ENOVIS CORP (ENOV) stock?
ChartMill assigns a technical rating of 0 / 10 to ENOV.
Can you provide the trend direction for ENOVIS CORP?
The current trend direction for ENOVIS CORP (ENOV) is Bearish.
Can you provide the RSI signal for ENOVIS CORP?
ENOVIS CORP (ENOV) has an RSI value of 51.339. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENOVIS CORP?
The MACD indicator for ENOVIS CORP (ENOV) has a value of 0.0926979, indicating a bearish trend.