ENOVIS CORP (ENOV) Stock Technical Analysis
NYSE:ENOV • US1940141062
Taking everything into account, ENOV scores 2 out of 10 in our technical rating. In the past year, ENOV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 85% of all other stocks performed better in the past year than ENOV.
- ENOV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ENOV is lagging the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ENOV has an average volume of 1097250 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.
- ENOV is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, ENOV did better than 41% of them.
- In the last month ENOV has a been trading in the 21.15 - 26.41 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
21.25
We found 1 important support 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 25.47 to 25.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.78 from a trend line in the weekly time frame.
- Resistance @27.53 from a trend line in the daily time frame.
- Resistance @29.31 from a trend line in the daily time frame.
- A resistance zone ranging from 29.96 to 30.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 15.79 | NEGATIVE | ENOV has a low relative strength, it was outperformed by 84.21% 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) | 60.49 | NEUTRAL | The RSI value for ENOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests ENOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.85 | OVERBOUGHT | The high Stochastics value suggests ENOV may be overbought. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ENOV suggests some volalility. |
| Average Directional Index/ADX (14) | 19.13 | NEGATIVE | The low ADX value for ENOV suggests a weak or negative trend. |
25.29
-0.41 (-1.6%)
ENOVIS CORP / ENOV FAQ
What is the ChartMill technical rating of ENOVIS CORP (ENOV) stock?
ChartMill assigns a technical rating of 2 / 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 60.4948. 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 0.544752, indicating a bearish trend.
What is the buy/sell signal for ENOV stock?
The buy/sell signal for ENOVIS CORP (ENOV) is hold as the short term and long term trends are mixed.