ENWAVE CORP (ENW.CA) Stock Technical Analysis
TSX-V:ENW - TSX Venture Exchange - CA29410K1084 - Common Stock - Currency: CAD
Overall ENW gets a technical rating of 9 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
ENW is one of the better performing stocks in the Machinery industry, it outperforms 90% of 22 stocks in the same industry.
ENW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ENW is performing more or less in line with the market.
When comparing the yearly performance of all stocks, we notice that ENW is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month ENW has a been trading in the 0.34 - 0.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although ENW has an excellent technical rating, it does not offer a high 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
0.21
0.43
When analyzing the support we can see 5 important areas.
- A support zone ranging from 0.38 to 0.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.36 from a trend line in the daily time frame.
- Support @0.26 from a trend line in the weekly time frame.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.21 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.43 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 | 92.53 | POSITIVE | ENW.CA has a high relative strength, it outperformed 92.53% 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) | 59.01 | 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. |
| Stochastics (14,3) | 47.22 | NEUTRAL | The Stochastics value for ENW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for ENW.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 45.08 | 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)
TSX-V:ENW (6/20/2025, 7:00:00 PM)
0.405
-0.02 (-5.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-5.81%
1 Week6.58%
2 Weeks-4.71%
1 Month22.73%
3 Month68.75%
6 Month76.09%
12 Month62%
2 Year10.96%
3 Year-35.71%
5 Year-50%
10 Year-55.49%
15 Year-64.78%
Volatility
ATR(14)0.02
ATR(20)%4.26%
ATR Inc127.5%
Range Today0
ADR(20)0.01
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.53
Mansfield5.46
10 Day High0.43
10 Day Low0.38
20 Day High0.44
20 Day Low0.35
52 Week High0.44
52 Week Low0.19
CS1 End0.38
CR1 Start0.43
Volume & EV
DER(3)0%
DER(5)0%
Volume7.61K
Volume Incr-73.81%
Vol(5)18.33K
Vol(50)47.08K