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 10 out of 10 to ENVA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ENVA is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ENVA did better than 88% of all other stocks. We also observe that the gains produced by ENVA over the past year are nicely spread over this period.
ENVA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENVA is lagging the market slightly.
ENVA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ENVA is part of the Consumer Finance industry. There are 53 other stocks in this industry, ENVA did better than 69% of them.
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 support zone below the current price at 113.62, a Stop Loss order could be placed below this zone.
More info and screens
88.15
118.37
4 important support areas can be observed.
- A support zone ranging from 111.44 to 113.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 95.69 to 95.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 90.80 to 91.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @89.04 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 115.13 to 117.20. 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 | 88.94 | POSITIVE | ENVA has a high relative strength, it outperformed 88.94% 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) | 62.81 | NEUTRAL | The RSI value for ENVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests ENVA has a negative trend. |
| Stochastics (14,3) | 57.67 | NEUTRAL | The Stochastics value for ENVA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for ENVA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.45 | POSITIVE | The high ADX value value for ENVA suggests a strong 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 |
|---|---|---|---|
| 117.21 | 111.43 | 5.78 (4.93%) | 20.28% |
| An entry @117.21. This is a Buy Stop order right above the resistance zone. | An exit @111.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.78 points, which is 4.93%. | When investing 20.28% 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.
113.63
-1.26 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-1.1%
1 Week-1.04%
2 Weeks-1.92%
1 Month16.35%
3 Month24.46%
6 Month5.58%
12 Month56.41%
2 Year106.26%
3 Year229.27%
5 Year606.22%
10 Year528.48%
15 YearN/A
Volatility
ATR(14)2.86
ATR(20)%2.61%
ATR Inc-29.02%
Range Today2.4
ADR(20)2.83
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.94
Mansfield1
10 Day High119.06
10 Day Low111.22
20 Day High119.06
20 Day Low96.57
52 Week High119.06
52 Week Low71.59
CS1 End113.62
CR1 Start115.13
Volume & EV
DER(3)0.24%
DER(5)-0.17%
Volume195.00K
Volume Incr-36.75%
Vol(5)218.52K
Vol(50)261.48K