ENTA Technical Analysis - ENANTA PHARMACEUTICALS INC

Technical Rating and Analysis

Overall ENTA gets a technical rating of 3 out of 10. In the last year, ENTA was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

84% of all other stocks performed better in the past year than ENTA.

In the last month ENTA has a been trading in the 7.28 - 9.17 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

ENTA is part of the Biotechnology industry. There are 538 other stocks in this industry, ENTA did better than 43% of them.

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

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ENANTA PHARMACEUTICALS INC / ENTA Weekly stock chart

ENANTA PHARMACEUTICALS INC / ENTA Daily stock chart

Setup Rating and Analysis

ENTA has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.49

9.03

4 important support areas can be observed.

A support zone ranging from 7.60 to 7.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.44 from a horizontal line in the daily time frame.
Support @7.27 from a trend line in the daily time frame.
Support @6.56 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 7.71 to 7.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 8.37 to 8.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @8.94 from a horizontal line in the daily 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	UP	POSITIVE	The long term trend for ENTA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ENTA is down.
ChartMill Relative Strength	16	NEGATIVE	ENTA has a low relative strength, it was outperformed by 84% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ENTA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ENTA is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ENTA is above a declining SMA(200).
Relative Strength Index/RSI (14)	44.12	NEUTRAL	The RSI value for ENTA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests ENTA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	23.79	NEUTRAL	The Stochastics value for ENTA is a neutral value.
Average True Range in percent/ATR (20)	6.06	HIGH VOLATILITY	The high ATR as a percentage value for ENTA suggests high volalility.
Average Directional Index/ADX (14)	23.27	NEUTRAL	The ADX value for ENTA suggests a possible start of a new trend.