Taking everything into account, ENVX scores 0 out of 10 in our technical rating. ENVX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 92% of all other stocks performed better in the past year than ENVX.
- ENVX is one of the lesser performing stocks in the Electrical Equipment industry. 75% of 91 stocks in the same industry do better.
- ENVX is currently trading in the lower part of its 52 week range, which is not a good signal. On the other hand, the S&P500 Index is also trading in the lower part of its yearly range, so ENVX is not an exception.
- In the last month ENVX has a been trading in the 6.52 - 8.89 range, which is quite wide. It is currently trading near the lows of this range.
- ENVX has an average volume of 6080210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ENVX is bad and it also does not present a 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
6.78
3 important resistance areas can be observed.
- Resistance @7.47 from a trend line in the daily time frame.
- Resistance @8.26 from a trend line in the daily time frame.
- Resistance @8.87 from a trend 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 | DOWN | NEGATIVE | The short term trend for ENVX is down. |
| ChartMill Relative Strength | 8.55 | NEGATIVE | ENVX has a low relative strength, it was outperformed by 91.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENVX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENVX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ENVX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.8 | NEUTRAL | The RSI value for ENVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ENVX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.33 | OVERSOLD | The low Stochastics value suggests ENVX may be oversold. |
| Average True Range in percent/ATR (20) | 8.11 | HIGH VOLATILITY | The high ATR as a percentage value for ENVX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.89 | NEGATIVE | The low ADX value for ENVX suggests a weak or negative trend. |
6.85
+0.23 (+3.47%)
ENOVIX CORP / ENVX FAQ
Can you provide the ChartMill technical rating for ENOVIX CORP?
ChartMill assigns a technical rating of 0 / 10 to ENVX.
What is the current trend direction of ENOVIX CORP (ENVX) stock?
The current trend direction for ENOVIX CORP (ENVX) is Bearish.
What is the RSI signal for ENVX stock?
ENOVIX CORP (ENVX) has an RSI value of 38.7958. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ENOVIX CORP?
The buy/sell signal for ENOVIX CORP (ENVX) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ENVX stock?
ENOVIX CORP (ENVX) has a resistance level at 7.47. Check the full technical report for our detailed analysis of ENVX support and resistance levels.