Sell signal · week 14
Enovix loses 2.4% and prints a 90-week low the weekly close fails to confirm
Our view last week
After a week in which buyers took 56% of the tape, sellers are back in charge on Enovix: 72% of weekly volume and a 4% drop, the 7th in a row. A bearish engulfing bar forms on the daily chart and the price is working just above its 30-day low, in the 2.79 area. For Enovix stock the sell signal stays live and the price action still points lower, with the short up 46.5% since entry.
This week's summary
Enovix printed a fresh 90-week low in the 2.48 area, but the weekly close did not confirm it: the stock lost 2.4%, its 8th straight decline, and closed in the upper half of its range. A week ago it had closed in the lower part; now the MACD histogram and money flow, both still negative, have been rising for 3 weeks. For Enovix stock, one of the US stocks on a live sell signal, the technical analysis shows no turn in price action yet: the short is up 47.8% since entry.
IQS Phase
77
in tension
Signal Strength
79
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#16 / 175
US stocks
Trade P&L %
+47.76%
from signal to date, no stop loss
Enovix (ENVX) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 16th among the 175 sell signals for US stocks in our ranking, with a signal strength of 79 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
ENVX belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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