ENANTA PHARMACEUTICALS INC (ENTA) Stock Technical Analysis
USA - NASDAQ:ENTA - US29251M1062 - Common Stock
Taking everything into account, ENTA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ENTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
ENTA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.93, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.81
We found 4 important support areas.
- A support zone ranging from 10.72 to 10.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.46 to 10.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.41 from a trend line in the weekly time frame.
- Support @7.89 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.00 to 11.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.69 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ENTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENTA is up. |
| ChartMill Relative Strength | 83.94 | POSITIVE | ENTA has a high relative strength, it outperformed 83.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ENTA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.76 | NEUTRAL | The RSI value for ENTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ENTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.81 | NEUTRAL | The Stochastics value for ENTA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for ENTA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.59 | POSITIVE | The high ADX value value for ENTA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.04 | 10.71 | 0.33 (2.99%) | 25.00% |
| An entry @11.04. This is a Buy Stop order right above the resistance zone. | An exit @10.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 2.99%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ENTA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.96
+0.1 (+0.92%)
ENANTA PHARMACEUTICALS INC / ENTA FAQ
What is the technical rating for ENTA stock?
ChartMill assigns a technical rating of 9 / 10 to ENTA.
What is the trend direction for ENTA stock?
The current trend direction for ENANTA PHARMACEUTICALS INC (ENTA) is Bullish.
Can you provide the RSI signal for ENANTA PHARMACEUTICALS INC?
ENANTA PHARMACEUTICALS INC (ENTA) has an RSI value of 54.7628. This indicates that the stock is currently neutral.
What is the MACD signal for ENTA stock?
The MACD indicator for ENANTA PHARMACEUTICALS INC (ENTA) has a value of -0.122807, indicating a bearish trend.
What is the short term momentum for ENANTA PHARMACEUTICALS INC (ENTA) stock?
The short term momentum for ENANTA PHARMACEUTICALS INC (ENTA) is positive.