ENOVIX CORP (ENVX) Stock Technical Analysis
NASDAQ:ENVX - Nasdaq - US2935941078 - Common Stock - Currency: USD
Taking everything into account, ENVX scores 6 out of 10 in our technical rating. In the last year, ENVX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
ENVX is part of the Electrical Equipment industry. There are 93 other stocks in this industry. ENVX outperforms 79% of them.
ENVX has an average volume of 6865420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, ENVX did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ENVX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENVX is lagging the market.
In the last month ENVX has a been trading in the 10.06 - 13.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ENVX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.19
16.79
5 important support areas can be observed.
- A support zone ranging from 10.56 to 10.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.52 from a trend line in the weekly time frame.
- Support @9.22 from a trend line in the weekly time frame.
- Support @8.51 from a horizontal line in the daily time frame.
- Support @8.27 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 10.97 to 11.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.48 to 11.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @13.35 from a trend line in the daily time frame.
- Resistance @16.62 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.25
Mansfield-0.52
10 Day High12.39
10 Day Low10.06
20 Day High13.18
20 Day Low10.06
52 Week High18.68
52 Week Low5.7
Performance
1 Week-2.72%
2 Weeks-8.84%
1 Month-11.48%
3 Month13.68%
6 Month1.42%
12 Month12.25%
2 Year16.27%
3 Year-35.65%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)44.47
LBB10.53
UBB12.18
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 |
|---|---|---|---|
| 11.22 | 10.55 | 0.67 (5.97%) | 16.75% |
| An entry @11.22. This is a Buy Stop order right above the resistance zone. | An exit @10.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.67 points, which is 5.97%. | For a 1.00% total portfolio risk, you can invest 16.75% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ENVX. Please evaluate whether better entry and exit points can be found.
- 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.
10.72
-0.75 (-6.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-6.58%
1 Week-2.72%
2 Weeks-8.84%
1 Month-11.48%
3 Month13.68%
6 Month1.42%
12 Month12.25%
2 Year16.27%
3 Year-35.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%8.8%
ATR Inc102.19%
Range Today1.73
ADR(20)0.89
ADR(20)%8.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.25
Mansfield-0.52
10 Day High12.39
10 Day Low10.06
20 Day High13.18
20 Day Low10.06
52 Week High18.68
52 Week Low5.7
CS1 End10.71
CR1 Start10.97
Volume & EV
DER(3)1.21%
DER(5)0.76%
Volume10.77M
Volume Incr56.96%
Vol(5)8.82M
Vol(50)6.87M