ENOVIX CORP (ENVX) Technical Analysis
NASDAQ:ENVX • US2935941078
Current stock price
ENVX Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ENVX. 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.
- When comparing the yearly performance of all stocks, ENVX is a bad performer in the overall market: 82% of all stocks are doing better.
- ENVX is part of the Electrical Equipment industry. There are 91 other stocks in this industry, of which 68% are performing better than ENVX.
- ENVX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ENVX has a been trading in the 4.70 - 6.47 range, which is quite wide. It is currently trading near the high of this range.
- ENVX has an average volume of 6225990 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ENVX Weekly and Daily overview Charts
ENVX Setup Rating and Analysis
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
ENVX Support and Resistance Analysis
4.80
When analyzing the support we notice one important area.
- Support @4.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.32 to 6.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.57 from a trend line in the weekly time frame.
ENVX Technical Indicator Signal Analysis
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 | 18.56 | NEGATIVE | ENVX has a low relative strength, it was outperformed by 81.44% 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) | DOWN | MIXED | The current price of ENVX is above a declining 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) | 62.21 | NEUTRAL | The RSI value for ENVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ENVX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.87 | OVERBOUGHT | The high Stochastics value suggests ENVX may be overbought. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for ENVX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.19 | POSITIVE | The high ADX value value for ENVX suggests a strong trend. |
ENVX Chart- and CandleStick Pattern Analysis
ENVX Technicals: Chart, Performance Metrics, Trend & Indicators
6.31
-0.05 (-0.79%)
ENOVIX CORP / ENVX TA FAQ
Can you provide the ChartMill technical rating for ENOVIX CORP?
ChartMill assigns a technical rating of 2 / 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 ENOVIX CORP (ENVX) stock?
ENOVIX CORP (ENVX) has an RSI value of 62.2118. This indicates that the stock is currently neutral.
What is the short term momentum for ENOVIX CORP (ENVX) stock?
The short term momentum for ENOVIX CORP (ENVX) is positive.
What is the buy/sell signal for ENOVIX CORP (ENVX) stock?
The buy/sell signal for ENOVIX CORP (ENVX) is hold as the short term and long term trends are mixed.