Overall ENVX gets a technical rating of 2 out of 10. ENVX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of ENVX 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
7.20
We found 2 important support areas.
- A support zone ranging from 7.46 to 7.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.27 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @9.14 from a horizontal line in the daily time frame.
- Resistance @10.71 from a trend line in the weekly time frame.
- Resistance @11.41 from a trend line in the daily time frame.
- Resistance @11.82 from a trend line in the daily time frame.
- Resistance @14.52 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 | DOWN | NEGATIVE | The long term trend for ENVX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENVX is neutral. |
| ChartMill Relative Strength | 49.91 | NEUTRAL | ENVX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENVX is above the rising 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) | DOWN | NEGATIVE | The current price of ENVX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.04 | NEUTRAL | The RSI value for ENVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests ENVX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.16 | OVERBOUGHT | The high Stochastics value suggests ENVX may be overbought. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for ENVX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.33 | NEUTRAL | The ADX value for ENVX suggests a possible start of a new trend. |
8.64
-0.36 (-4%)
ENOVIX CORP / ENVX FAQ
Can you provide the ChartMill technical rating for ENOVIX CORP?
ChartMill assigns a technical rating of 2 / 10 to ENVX.
Can you provide the trend direction for ENOVIX CORP?
The current trend direction for ENOVIX CORP (ENVX) is Bearish.
What is the RSI signal for ENVX stock?
ENOVIX CORP (ENVX) has an RSI value of 48.0374. This indicates that the stock is currently neutral.
What are the support and resistance levels for ENOVIX CORP (ENVX) stock?
ENOVIX CORP (ENVX) has a support level at 7.61 and a resistance level at 9.14. Check the full technical report for our detailed analysis of ENVX support and resistance levels.