ENSU Technical Analysis - ENSURGE MICROPOWER ASA

Technical Rating and Analysis

Overall ENSU gets a technical rating of 1 out of 10. ENSU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

ENSU has an average volume of 1368480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, ENSU outperforms 50% of them, which is more or less in line with the market.

ENSU is part of the Technology Hardware, Storage & Peripherals industry. There are 29 other stocks in this industry, ENSU did better than 53% of them.

ENSU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENSU is lagging the market.

In the last month ENSU has a been trading in the 1.02 - 1.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ENSURGE MICROPOWER ASA / ENSU Weekly stock chart

ENSURGE MICROPOWER ASA / ENSU Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, ENSU does present a nice setup opportunity. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.06

1.59

When analyzing the support we notice one important area.

Support @1.07 from a horizontal line in the weekly time frame.

We can see 5 important resistance areas.

A resistance zone ranging from 1.14 to 1.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.25 from a trend line in the daily time frame.
Resistance @1.29 from a horizontal line in the daily time frame.
Resistance @1.35 from a trend line in the weekly time frame.
Resistance @1.57 from a horizontal line in the weekly time frame.

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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 ENSU.OL is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ENSU.OL is neutral.
ChartMill Relative Strength	50.59	NEUTRAL	ENSU.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ENSU.OL is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ENSU.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of ENSU.OL is below the rising SMA(200).
Relative Strength Index/RSI (14)	49	NEUTRAL	The RSI value for ENSU.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ENSU.OL has a positive trend.
Stochastics (14,3)	33.96	NEUTRAL	The Stochastics value for ENSU.OL is a neutral value.
Average True Range in percent/ATR (20)	4.89	MEDIUM VOLATILITY	The ATR as a percentage value for ENSU.OL suggests some volalility.
Average Directional Index/ADX (14)	25.24	POSITIVE	The high ADX value value for ENSU.OL suggests a strong trend.