Technical Analysis for ENVX - Enovix Corporation

Grade Last Price % Change Price Change
F 6.23 3.66% 0.22
ENVX closed down 9.35 percent on Thursday, April 18, 2024, on 2.81 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: Apr 24
*** please verify all earnings dates ***
5 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 3.66%
New Downtrend Bearish 3.66%
Expansion Breakdown Bearish Swing Setup 3.66%
New 52 Week Low Weakness 3.66%
Wide Bands Range Expansion 3.66%
Below Lower BB Weakness 3.66%
Lower Bollinger Band Touch Weakness 3.66%
Oversold Stochastic Weakness 3.66%
New 52 Week Closing Low Bearish -6.03%
New 52 Week Low Weakness -6.03%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 2 hours ago
Up 5% about 5 hours ago
60 Minute Opening Range Breakout about 5 hours ago
Rose Above Lower Bollinger Band about 7 hours ago
Up 3% about 7 hours ago

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Profile

Enovix is the leader in advanced silicon-anode lithium-ion battery development and production. The company's proprietary 3D cell architecture increases energy density and maintains high cycle life. Enovix is building an advanced silicon-anode lithium-ion battery production facility in the U.S. for volume production. The company's initial goal is to provide designers of category-leading mobile devices with a high-energy battery so they can create more innovative and effective portable products. Enovix is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable widespread utilization of renewable energy.
Classification

Sector: Industrials
Industry: Electrical Equipment & Parts
Keywords: Mobile Devices Emerging Technologies Renewable Energy Lithium Electric Battery Rechargeable Batteries Lithium Ion Batteries Battery Types Nanowire Battery

Is ENVX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 23.9
52 Week Low 5.865
Average Volume 4,662,550
200-Day Moving Average 12.12
50-Day Moving Average 8.87
20-Day Moving Average 7.50
10-Day Moving Average 7.07
Average True Range 0.55
RSI (14) 28.57
ADX 26.26
+DI 11.58
-DI 34.49
Chandelier Exit (Long, 3 ATRs) 7.38
Chandelier Exit (Short, 3 ATRs) 7.52
Upper Bollinger Bands 8.68
Lower Bollinger Band 6.31
Percent B (%b) -0.13
BandWidth 31.72
MACD Line -0.61
MACD Signal Line -0.54
MACD Histogram -0.0647
Fundamentals Value
Market Cap 1.01 Billion
Num Shares 168 Million
EPS -1.27
Price-to-Earnings (P/E) Ratio -4.73
Price-to-Sales 1466.17
Price-to-Book 7.11
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.23
Resistance 3 (R3) 7.32 7.00 7.03
Resistance 2 (R2) 7.00 6.69 6.96 6.96
Resistance 1 (R1) 6.51 6.50 6.35 6.42 6.89
Pivot Point 6.19 6.19 6.11 6.14 6.19
Support 1 (S1) 5.69 5.87 5.53 5.60 5.13
Support 2 (S2) 5.37 5.68 5.33 5.06
Support 3 (S3) 4.88 5.37 4.99
Support 4 (S4) 4.79