ENOVIS CORP (ENOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ENOV - US1940141062 - Common Stock
Overall ENOV gets a technical rating of 0 out of 10. 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 94% of all other stocks performed better in the past year than ENOV.
- ENOV is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 74% are performing better than ENOV.
- ENOV is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ENOV has a been trading in the 21.90 - 29.89 range, which is quite wide. It is currently trading near the lows of this range.
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
21.76
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 28.59 to 29.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.96 to 30.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @30.93 from a trend 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 | DOWN | NEGATIVE | The short term trend for ENOV is down. |
| ChartMill Relative Strength | 6.72 | NEGATIVE | ENOV has a low relative strength, it was outperformed by 93.28% 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) | 29.99 | OVERSOLD | The low RSI value suggests ENOV may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests ENOV has a negative trend. |
| Stochastics (14,3) | 3.63 | OVERSOLD | The low Stochastics value suggests ENOV may be oversold. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for ENOV suggests high volalility. |
| Average Directional Index/ADX (14) | 24.98 | NEUTRAL | The ADX value for ENOV suggests a possible start of a new trend. |
21.98
-0.74 (-3.26%)
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.
What is the current trend direction of ENOVIS CORP (ENOV) stock?
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 29.9929. This indicates that the stock is currently oversold.
Can you provide the MACD signal for ENOVIS CORP?
The MACD indicator for ENOVIS CORP (ENOV) has a value of -0.339314, indicating a bearish trend.
What is the buy/sell signal for ENOV stock?
The buy/sell signal for ENOVIS CORP (ENOV) is sell as both the short term and long term trends are negative.