SoFi Smart Energy ETF (ENRG) Technical Analysis
NYSEARCA:ENRG • US8863646860
Current stock price
ENRG Technical Rating and Analysis
Overall ENRG gets a technical rating of 3 out of 10. In the past year, ENRG 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.
- 76% of all other stocks performed better in the past year than ENRG.
- Warning: ENRG has an average volume of 1306 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- 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.
- ENRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENRG is lagging the market.
- In the last month ENRG has a been trading in the 11.68 - 12.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ENRG Weekly and Daily overview Charts
ENRG Setup Rating and Analysis
Although the technical rating is bad, ENRG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 12.17, a Stop Loss order could be placed below this zone.
More info and screens
ENRG Support and Resistance Analysis
11.41
We found 2 important support areas.
- A support zone ranging from 12.00 to 12.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.53 to 11.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 12.36 to 12.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.36 to 13.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.82 from a trend line in the weekly time frame.
ENRG Technical Indicator Signal Analysis
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 ENRG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENRG is up. |
| ChartMill Relative Strength | 24.89 | NEGATIVE | ENRG has a low relative strength, it was outperformed by 75.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENRG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ENRG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENRG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.41 | NEUTRAL | The RSI value for ENRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ENRG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.65 | NEUTRAL | The Stochastics value for ENRG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for ENRG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.77 | NEUTRAL | The ADX value for ENRG suggests a possible start of a new trend. |
ENRG Chart- and CandleStick Pattern Analysis
ENRG Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:ENRG (2/20/2024, 8:04:00 PM)
12.3251
-0.28 (-2.23%)
SoFi Smart Energy ETF / ENRG TA FAQ
Can you provide the ChartMill technical rating for SoFi Smart Energy ETF?
ChartMill assigns a technical rating of 3 / 10 to ENRG.
What is the trend direction for ENRG stock?
The current trend direction for SoFi Smart Energy ETF (ENRG) is Bearish.
Can you provide the RSI signal for SoFi Smart Energy ETF?
SoFi Smart Energy ETF (ENRG) has an RSI value of 50.4102. This indicates that the stock is currently neutral.
What is the short term momentum for SoFi Smart Energy ETF (ENRG) stock?
The short term momentum for SoFi Smart Energy ETF (ENRG) is positive.
What is the support and resistance level for ENRG stock?
SoFi Smart Energy ETF (ENRG) has a support level at 12.17 and a resistance level at 12.36. Check the full technical report for our detailed analysis of ENRG support and resistance levels.