ENOVIX CORP (ENVX) Stock Technical Analysis
NASDAQ:ENVX - Nasdaq - US2935941078 - Common Stock - Currency: USD
Overall ENVX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ENVX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
ENVX is part of the Electrical Equipment industry. There are 94 other stocks in this industry. ENVX outperforms 86% of them.
In the last month ENVX has a been trading in the 7.84 - 14.49 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ENVX has an average volume of 5770440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ENVX did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ENVX has an excellent technical rating, it does not present a decent entry opportunity 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
8.47
14.21
When analyzing the support we can see 2 important areas.
- Support @8.91 from a trend line in the daily time frame.
- Support @8.56 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for ENVX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENVX is up. |
| ChartMill Relative Strength | 93.13 | POSITIVE | ENVX has a high relative strength, it outperformed 93.13% 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) | UP | POSITIVE | The current price of ENVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.87 | OVERBOUGHT | The high RSI value suggests ENVX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests ENVX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.58 | 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) | 48.68 | 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)
14.07
-0.05 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.35%
1 Week23.53%
2 Weeks33.62%
1 Month62.1%
3 Month135.28%
6 Month23.64%
12 Month-22.35%
2 Year-34.62%
3 Year5.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%6.15%
ATR Inc0.03%
Range Today0.71
ADR(20)0.81
ADR(20)%5.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.13
Mansfield3.41
10 Day High14.5
10 Day Low9.67
20 Day High14.5
20 Day Low7.84
52 Week High18.68
52 Week Low5.27
CS1 End8.91
CR1 StartN/A
Volume & EV
DER(3)3.62%
DER(5)3.42%
Volume8.40M
Volume Incr141.38%
Vol(5)13.37M
Vol(50)5.77M