The Hourly View for ENVX
Currently, ENVX (Get Ratings)’s price is down $-0.02 (-0.12%) from the hour prior. ENVX has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
ENVX ranks 28th in terms of today’s price percentage change out of Electrical Equipment stocks.
ENVX’s Technical Outlook on the Daily Chart
Currently, ENVX’s price is up $0.07 (0.34%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Enovix Corp’s price action over the past 90 days can be seen via the chart below.
<In comparison to its 7 day average, ENVX's volume of shares traded is 90.82% lower, now standing at 70961.
ENVX: Daily RSI Analysis
- ENVX’s RSI now stands at 7.2917.
- ENVX and RSI may be exhibiting divergent trends. This may be something to monitor.
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The post Enovix Corp (ENVX): Price Up $0.07 (0.34)% Over Past Day, Down $-0.02 (-0.12)% Over Past Hour appeared first on ETF Daily News.