ENOVA INTERNATIONAL INC (ENVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ENVA - US29357K1034 - Common Stock
We assign a technical rating of 10 out of 10 to ENVA. Both in the recent history as in the last year, ENVA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ENVA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 163.01. Right above this resistance zone may be a good entry point.
More info and screens
110.23
3 important support areas can be observed.
- A support zone ranging from 159.45 to 159.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 135.00 to 135.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 111.34 to 111.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 163.01 to 164.86. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ENVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENVA is up. |
| ChartMill Relative Strength | 94.21 | POSITIVE | ENVA has a high relative strength, it outperformed 94.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.35 | NEUTRAL | The RSI value for ENVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests ENVA has a negative trend. |
| Stochastics (14,3) | 81.04 | OVERBOUGHT | The high Stochastics value suggests ENVA may be overbought. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ENVA suggests some volalility. |
| Average Directional Index/ADX (14) | 58.48 | POSITIVE | The high ADX value value for ENVA 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 |
|---|---|---|---|
| 164.87 | 159.44 | 5.43 (3.29%) | 25.00% |
| An entry @164.87. This is a Buy Stop order right above the resistance zone. | An exit @159.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.43 points, which is 3.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The distance between exit and entry is rather small compared to the average daily movement of ENVA. 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.
159.46
-3.4 (-2.09%)
ENOVA INTERNATIONAL INC / ENVA FAQ
Can you provide the ChartMill technical rating for ENOVA INTERNATIONAL INC?
ChartMill assigns a technical rating of 10 / 10 to ENVA.
Can you provide the trend direction for ENOVA INTERNATIONAL INC?
The current trend direction for ENOVA INTERNATIONAL INC (ENVA) is Bullish.
What is the RSI signal for ENOVA INTERNATIONAL INC (ENVA) stock?
ENOVA INTERNATIONAL INC (ENVA) has an RSI value of 65.3469. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENOVA INTERNATIONAL INC?
The MACD indicator for ENOVA INTERNATIONAL INC (ENVA) has a value of -0.415643, indicating a bearish trend.
Can you provide the support and resistance levels for ENOVA INTERNATIONAL INC?
ENOVA INTERNATIONAL INC (ENVA) has a support level at 159.45 and a resistance level at 163.01. Check the full technical report for our detailed analysis of ENVA support and resistance levels.