ENOVA INTERNATIONAL INC (ENVA) Stock Technical Analysis
NYSE:ENVA - New York Stock Exchange, Inc. - US29357K1034 - Common Stock - Currency: USD
Overall ENVA gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ENVA has a been trading in the 99.61 - 118.51 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ENVA is one of the better performing stocks in the market, outperforming 80% of all stocks.
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.
ENVA is an average performer in the Consumer Finance industry, it outperforms 59% of 53 stocks in the same industry.
ENVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENVA is lagging the market.
ENVA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 101.61, a Stop Loss order could be placed below this zone.
More info and screens
84.71
118.81
We found 4 important support areas.
- A support zone ranging from 99.87 to 101.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 97.65 to 98.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 91.60 to 92.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @85.57 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 103.48 to 105.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 114.86 to 117.63. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for ENVA is down. |
| ChartMill Relative Strength | 80.8 | POSITIVE | ENVA has a high relative strength, it outperformed 80.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ENVA is below 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) | 41.96 | NEUTRAL | The RSI value for ENVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.02 | NEGATIVE | The MACD value suggests ENVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.91 | OVERSOLD | The low Stochastics value suggests ENVA may be oversold. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for ENVA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.92 | 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 |
|---|---|---|---|
| 105.03 | 99.86 | 5.17 (4.92%) | 20.32% |
| An entry @105.03. This is a Buy Stop order right above the resistance zone. | An exit @99.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.17 points, which is 4.92%. | When investing 20.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
103.1
+0.39 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg0.38%
1 Week2.53%
2 Weeks-2.57%
1 Month-10.21%
3 Month8.93%
6 Month-10.24%
12 Month34.74%
2 Year104.36%
3 Year195.08%
5 Year503.63%
10 Year693.08%
15 YearN/A
Volatility
ATR(14)3.49
ATR(20)%3.08%
ATR Inc-22.3%
Range Today1.73
ADR(20)2.96
ADR(20)%2.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.8
Mansfield-0.23
10 Day High107.2
10 Day Low99.61
20 Day High118.51
20 Day Low99.61
52 Week High119.06
52 Week Low72.87
CS1 End101.61
CR1 Start103.48
Volume & EV
DER(3)-3.15%
DER(5)-2.2%
Volume233.50K
Volume Incr-22.43%
Vol(5)292.02K
Vol(50)326.55K