ENOVIX CORP (ENVX) Stock Technical Analysis
NASDAQ:ENVX - Nasdaq - US2935941078 - Common Stock - Currency: USD
Overall ENVX gets a technical rating of 4 out of 10. In the past year, ENVX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
85% of all other stocks performed better in the past year than ENVX.
ENVX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ENVX is lagging the market.
In the last month ENVX has a been trading in the 5.86 - 8.33 range, which is quite wide. It is currently trading near the high of this range.
ENVX has an average volume of 5124860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ENVX is an average performer in the Electrical Equipment industry, it outperforms 46% of 95 stocks in the same industry.
ENVX has an average technical rating and it also does not offer a high quality setup 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
6.51
12.92
We found 2 important support areas.
- Support @7.34 from a horizontal line in the daily time frame.
- Support @6.58 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.82 to 7.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.21 to 8.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.79 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ENVX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENVX is up. |
| ChartMill Relative Strength | 15.11 | NEGATIVE | ENVX has a low relative strength, it was outperformed by 84.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENVX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENVX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENVX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.1 | NEUTRAL | The RSI value for ENVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ENVX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.2 | NEUTRAL | The Stochastics value for ENVX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.39 | HIGH VOLATILITY | The high ATR as a percentage value for ENVX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.32 | NEUTRAL | The ADX value for ENVX suggests a possible start of a new 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)
7.77
+0.03 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.39%
1 Week-6.16%
2 Weeks18.09%
1 Month13.6%
3 Month-27.52%
6 Month-17.6%
12 Month-28.12%
2 Year-41.45%
3 Year-35.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%6.39%
ATR Inc12.04%
Range Today0.44
ADR(20)0.44
ADR(20)%5.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.11
Mansfield-2.56
10 Day High8.33
10 Day Low7.04
20 Day High8.33
20 Day Low5.86
52 Week High18.68
52 Week Low5.27
CS1 End7.34
CR1 Start7.82
Volume & EV
DER(3)2.01%
DER(5)1.8%
Volume2.90M
Volume Incr-29.52%
Vol(5)3.46M
Vol(50)5.12M