ENWAVE CORP (ENW.CA) Stock Technical Analysis
TSX-V:ENW - CA29410K1084 - Common Stock
0.365 CAD
-0.01 (-1.35%)
Taking everything into account, ENW scores 2 out of 10 in our technical rating. In the last year, ENW 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 ENW has a been trading in the 0.36 - 0.47 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ENW is one of the better performing stocks in the Machinery industry, it outperforms 73% of 20 stocks in the same industry.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, ENW did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ENW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENW is lagging the market.
The technical rating of ENW 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
0.23
0.42
When analyzing the support we can see 3 important areas.
- Support @0.28 from a trend line in the weekly time frame.
- Support @0.25 from a trend line in the daily time frame.
- Support @0.23 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance 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.
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 | DOWN | NEGATIVE | The short term trend for ENW.CA is down. |
| ChartMill Relative Strength | 76.96 | POSITIVE | ENW.CA has a high relative strength, it outperformed 76.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENW.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENW.CA is below a declining 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) | 33.76 | NEUTRAL | The RSI value for ENW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ENW.CA has a negative trend. |
| Stochastics (14,3) | 9.52 | OVERSOLD | The low Stochastics value suggests ENW.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.41 | HIGH VOLATILITY | The high ATR as a percentage value for ENW.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for ENW.CA suggests a weak or negative 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)
TSX-V:ENW (9/2/2025, 7:00:00 PM)
0.365
-0.01 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.35%
1 Week-6.41%
2 Weeks-13.1%
1 Month-17.98%
3 Month-14.12%
6 Month48.98%
12 Month69.77%
2 Year25.86%
3 Year-23.96%
5 Year-56.02%
10 Year-54.37%
15 Year-73.74%
Volatility
ATR(14)0.02
ATR(20)%5.41%
ATR Inc23.53%
Range Today0.02
ADR(20)0.02
ADR(20)%4.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.96
Mansfield1.4
10 Day High0.44
10 Day Low0.37
20 Day High0.47
20 Day Low0.37
52 Week High0.55
52 Week Low0.19
CS1 End0.28
CR1 Start0.42
Volume & EV
DER(3)26.03%
DER(5)20.03%
Volume89.00K
Volume Incr63.54%
Vol(5)82.19K
Vol(50)45.23K