ENOVIX CORP (ENVX) Technical Analysis
NASDAQ:ENVX • US2935941078
Current stock price
ENVX Technical Rating and Analysis
Overall ENVX gets a technical rating of 0 out of 10. ENVX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ENVX is a bad performer in the overall market: 92% of all stocks are doing better.
- ENVX is part of the Electrical Equipment industry. There are 91 other stocks in this industry, of which 80% are performing better than ENVX.
- ENVX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ENVX is lagging the market.
- ENVX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ENVX has an average volume of 6532060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
4.89
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.04 to 5.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.30 from a trend line in the daily time frame.
- Resistance @7.72 from a trend line in the weekly time frame.
- Resistance @8.75 from a trend line in the daily 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 | DOWN | NEGATIVE | The short term trend for ENVX is down. |
| ChartMill Relative Strength | 8.36 | NEGATIVE | ENVX has a low relative strength, it was outperformed by 91.64% 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) | DOWN | NEGATIVE | The current price of ENVX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.37 | NEUTRAL | The RSI value for ENVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENVX has a positive trend. |
| Stochastics (14,3) | 18.82 | OVERSOLD | The low Stochastics value suggests ENVX may be oversold. |
| Average True Range in percent/ATR (20) | 7.66 | HIGH VOLATILITY | The high ATR as a percentage value for ENVX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.71 | 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
4.94
+0.02 (+0.41%)
ENOVIX CORP / ENVX TA 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 34.3659. 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 5.04. Check the full technical report for our detailed analysis of ENVX support and resistance levels.