ENPHYS ACQUISITION CORP (NFYS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NFYS - KYG3167L1095 - Common Stock
We assign a technical rating of 7 out of 10 to NFYS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NFYS is only an average performer.
Although NFYS 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
9.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.85 to 10.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.66 from a horizontal line in the daily time frame.
- A support zone ranging from 10.38 to 10.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.59 to 9.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.01 to 11.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NFYS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFYS is up. |
| ChartMill Relative Strength | 54.01 | NEUTRAL | NFYS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFYS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NFYS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.16 | NEUTRAL | The RSI value for NFYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NFYS has a positive trend. |
| Stochastics (14,3) | 94.44 | OVERBOUGHT | The high Stochastics value suggests NFYS may be overbought. |
| Average True Range in percent/ATR (20) | 0.13 | LOW VOLATILITY | The low ATR as a percentage value for NFYS suggests low volalility. |
| Average Directional Index/ADX (14) | 25.18 | POSITIVE | The high ADX value value for NFYS suggests a strong trend. |
NYSE:NFYS (7/24/2024, 8:14:53 PM)
11
+0.01 (+0.09%)
ENPHYS ACQUISITION CORP / NFYS FAQ
What is the ChartMill technical rating of ENPHYS ACQUISITION CORP (NFYS) stock?
ChartMill assigns a technical rating of 7 / 10 to NFYS.
Can you provide the trend direction for ENPHYS ACQUISITION CORP?
The current trend direction for ENPHYS ACQUISITION CORP (NFYS) is Bullish.
What is the RSI signal for ENPHYS ACQUISITION CORP (NFYS) stock?
ENPHYS ACQUISITION CORP (NFYS) has an RSI value of 63.1643. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ENPHYS ACQUISITION CORP?
The short term momentum for ENPHYS ACQUISITION CORP (NFYS) is positive.
What is the buy/sell signal for NFYS stock?
The buy/sell signal for ENPHYS ACQUISITION CORP (NFYS) is buy as both the short term and long term trends are positive.