USA - New York Stock Exchange - NYSE:ENOV - US1940141062 - Common Stock
Taking everything into account, ENOV scores 0 out of 10 in our technical rating. 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.
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 resistance zone just above the current price starting at 27.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.29, a Stop Loss order could be placed below this zone.
25.48
When analyzing the support we can see 2 important areas.
When analyzing the resistance we notice 7 important areas.
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 | DOWN | NEGATIVE | The short term trend for ENOV is down. |
| ChartMill Relative Strength | 14.02 | NEGATIVE | ENOV has a low relative strength, it was outperformed by 85.98% 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) | 46.86 | 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) | 44.65 | NEUTRAL | The Stochastics value for ENOV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for ENOV suggests some volalility. |
| Average Directional Index/ADX (14) | 21.51 | NEUTRAL | The ADX value for ENOV suggests a possible start of a new trend. |
27.39
+0.53 (+1.97%)
ChartMill assigns a technical rating of 0 / 10 to ENOV.
The current trend direction for ENOVIS CORP (ENOV) is Bearish.
ENOVIS CORP (ENOV) has an RSI value of 46.8576. This indicates that the stock is currently neutral.
The MACD indicator for ENOVIS CORP (ENOV) has a value of 0.0927906, indicating a bearish trend.
The buy/sell signal for ENOVIS CORP (ENOV) is sell as both the short term and long term trends are negative.