ENOVIX CORP (ENVX) Stock Technical Analysis
NASDAQ:ENVX - US2935941078 - Common Stock
10.51 USD
+0.24 (+2.34%)
10.55 USD
+0.04 (+0.38%)
Overall ENVX gets a technical rating of 3 out of 10. In the last year, ENVX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month ENVX has a been trading in the 9.48 - 15.40 range, which is quite wide. It is currently trading near the lows of this range.
ENVX has an average volume of 8227200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that ENVX is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ENVX is an average performer in the Electrical Equipment industry, it outperforms 56% of 93 stocks in the same industry.
ENVX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENVX is lagging the market.
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
9.89
15.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.16 to 10.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.52 to 10.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.30 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 | NEUTRAL | NEUTRAL | The long term trend for ENVX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENVX is down. |
| ChartMill Relative Strength | 77.39 | POSITIVE | ENVX has a high relative strength, it outperformed 77.39% 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) | UP | MIXED | The current price of ENVX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.77 | NEUTRAL | The RSI value for ENVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ENVX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.49 | NEUTRAL | The Stochastics value for ENVX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.28 | HIGH VOLATILITY | The high ATR as a percentage value for ENVX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.03 | POSITIVE | The high ADX value value for ENVX suggests a strong 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)
10.51
+0.24 (+2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg2.34%
1 Week2.94%
2 Weeks-2.5%
1 Month-28.45%
3 Month35.26%
6 Month-1.96%
12 Month-0.57%
2 Year-23.73%
3 Year-52.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%7.28%
ATR Inc-49.3%
Range Today0.44
ADR(20)0.68
ADR(20)%6.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.39
Mansfield-0.09
10 Day High11.16
10 Day Low9.48
20 Day High15.4
20 Day Low9.48
52 Week High16.49
52 Week Low5.27
CS1 End10.2
CR1 Start10.52
Volume & EV
DER(3)2.82%
DER(5)2.47%
Volume7.48M
Volume Incr-26.39%
Vol(5)6.11M
Vol(50)8.23M