ENOVIX CORP (ENVX) Stock Technical Analysis
USA - NASDAQ:ENVX - US2935941078 - Common Stock
10.42 USD
+0.33 (+3.27%)
10.43 USD
+0.01 (+0.1%)
We assign a technical rating of 3 out of 10 to ENVX. ENVX has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ENVX is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 63% are performing better than ENVX.
In the last month ENVX has a been trading in the 7.70 - 10.78 range, which is quite wide. It is currently trading near the high of this range.
ENVX has an average volume of 8565110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ENVX outperforms 58% of them, which is more or less in line with the market.
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.
The technical rating of ENVX is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.03
15.20
When analyzing the support we notice one important area.
- A support zone ranging from 8.11 to 8.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @15.05 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 | NEUTRAL | NEUTRAL | The short term trend for ENVX is neutral. |
| ChartMill Relative Strength | 58.27 | NEUTRAL | ENVX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ENVX is above 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 | POSITIVE | The current price of ENVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.14 | NEUTRAL | The RSI value for ENVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests ENVX has a positive trend. |
| Stochastics (14,3) | 94.29 | OVERBOUGHT | The high Stochastics value suggests ENVX may be overbought. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for ENVX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.07 | 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)
10.42
+0.33 (+3.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg3.27%
1 Week14%
2 Weeks11.32%
1 Month-0.86%
3 Month5.36%
6 Month39.3%
12 Month9.17%
2 Year-16.97%
3 Year-43.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%5.22%
ATR Inc-5.66%
Range Today0.66
ADR(20)0.48
ADR(20)%4.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.27
Mansfield-0.4
10 Day High10.49
10 Day Low7.7
20 Day High10.78
20 Day Low7.7
52 Week High16.49
52 Week Low5.27
CS1 End8.17
CR1 Start15.05
Volume & EV
DER(3)2.64%
DER(5)2.33%
Volume4.79M
Volume Incr8.25%
Vol(5)8.69M
Vol(50)8.57M