ENVIPCO HOLDING NV (ENVIP.OL) Stock Technical Analysis
OSL:ENVIP - Euronext Oslo - NL0015000GX8 - Common Stock - Currency: NOK
We assign a technical rating of 6 out of 10 to ENVIP. ENVIP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, ENVIP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 66.69, a Stop Loss order could be placed below this zone.
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64.55
When analyzing the support we notice one important area.
- A support zone ranging from 65.20 to 66.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 67.14 to 69.40. 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 ENVIP.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENVIP.OL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ENVIP.OL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENVIP.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENVIP.OL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.72 | NEUTRAL | The RSI value for ENVIP.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ENVIP.OL has a negative trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ENVIP.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ENVIP.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.69 | NEGATIVE | The low ADX value for ENVIP.OL suggests a weak or negative 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 |
|---|---|---|---|
| 69.41 | 65.19 | 4.22 (6.08%) | 16.45% |
| An entry @69.41. This is a Buy Stop order right above the resistance zone. | An exit @65.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.22 points, which is 6.08%. | For a 1.00% total portfolio risk, you can invest 16.45% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ENVIP. 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.
OSL:ENVIP (5/28/2025, 7:00:00 PM)
66.8
-0.4 (-0.6%)