ENOVA INTERNATIONAL INC (ENVA) Stock Technical Analysis
NYSE:ENVA - New York Stock Exchange, Inc. - US29357K1034 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ENVA. Although ENVA has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, ENVA did better than 90% of all other stocks.
ENVA is part of the Consumer Finance industry. There are 52 other stocks in this industry. ENVA outperforms 76% of them.
In the last month ENVA has a been trading in the 89.00 - 99.40 range, which is quite wide. It is currently trading near the high of this range.
ENVA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ENVA is lagging the market slightly.
ENVA has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
85.05
104.71
4 important support areas can be observed.
- A support zone ranging from 93.08 to 96.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @91.60 from a horizontal line in the daily time frame.
- A support zone ranging from 88.54 to 90.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 85.91 to 85.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 98.57 to 99.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 102.12 to 103.67. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ENVA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENVA is up. |
| ChartMill Relative Strength | 90.88 | POSITIVE | ENVA has a high relative strength, it outperformed 90.88% 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) | 58.88 | NEUTRAL | The RSI value for ENVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests ENVA has a positive trend. |
| Stochastics (14,3) | 75.38 | NEUTRAL | The Stochastics value for ENVA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ENVA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.17 | NEGATIVE | The low ADX value for ENVA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 99.56 | 92.74 | 6.82 (6.85%) | 14.60% |
| An entry @99.56. This is a Buy Stop order right above the resistance zone. | An exit @92.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.82 points, which is 6.85%. | When investing 14.60% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
98.56
+0.9 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg0.92%
1 Week3.87%
2 Weeks4.86%
1 Month6.64%
3 Month1.16%
6 Month2.17%
12 Month63.1%
2 Year85.54%
3 Year241.99%
5 Year562.81%
10 Year427.62%
15 YearN/A
Volatility
ATR(14)2.33
ATR(20)%2.42%
ATR Inc5.72%
Range Today1.08
ADR(20)2.2
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.88
Mansfield0.38
10 Day High99.4
10 Day Low92.75
20 Day High99.4
20 Day Low89
52 Week High117.56
52 Week Low59.8
CS1 End96.38
CR1 Start98.57
Volume & EV
DER(3)3%
DER(5)2.56%
Volume365.00K
Volume Incr48.52%
Vol(5)292.88K
Vol(50)255.30K