ENWAVE CORP (ENW.CA) Stock Technical Analysis
TSX-V:ENW - TSX Venture Exchange - CA29410K1084 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to ENW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ENW is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ENW is part of the Machinery industry. There are 20 other stocks in this industry. ENW outperforms 94% of them.
ENW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENW is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that ENW is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month ENW has a been trading in the 0.35 - 0.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ENW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.42, a Stop Loss order could be placed below this zone.
More info and screens
0.21
0.46
We found 4 important support areas.
- A support zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.27 from a trend line in the weekly time frame.
- Support @0.24 from a trend line in the daily time frame.
- Support @0.21 from a horizontal 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 ENW.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENW.CA is up. |
| ChartMill Relative Strength | 93.87 | POSITIVE | ENW.CA has a high relative strength, it outperformed 93.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENW.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENW.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENW.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.67 | NEUTRAL | The RSI value for ENW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ENW.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.42 | NEUTRAL | The Stochastics value for ENW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for ENW.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 43.99 | POSITIVE | The high ADX value value for ENW.CA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.50 | 0.42 | 0.09 (17.00%) | 5.88% |
| An entry @0.50. This is a Buy Stop order right above the 10 day high. | An exit @0.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 17.00%. | For a 1.00% total portfolio risk, you can invest 5.88% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:ENW (7/25/2025, 7:00:00 PM)
0.455
+0.02 (+3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg3.41%
1 Week4.6%
2 Weeks-9%
1 Month16.67%
3 Month85.71%
6 Month78.43%
12 Month93.62%
2 Year42.19%
3 Year-26.61%
5 Year-54.04%
10 Year-45.83%
15 Year-64.73%
Volatility
ATR(14)0.03
ATR(20)%5.82%
ATR Inc-43.02%
Range Today0.02
ADR(20)0.02
ADR(20)%5.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.87
Mansfield5.3
10 Day High0.49
10 Day Low0.43
20 Day High0.55
20 Day Low0.35
52 Week High0.55
52 Week Low0.19
CS1 End0.42
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume37.45K
Volume Incr45.29%
Vol(5)49.20K
Vol(50)49.49K