ENVA trade ideas
ENVA, price moved above its 50-day Moving Average on July 21, 20This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 33 similar cases, and 31 were successful. Based on this data, the odds of success are 90%.
Current price $14.30 crossed the resistance line at $13.96 and is trading between $14.35 resistance and $13.96 resistance lines. Throughout the month of 06/18/20 - 07/21/20, the price experienced a +2% Uptrend, while the week of 07/14/20 - 07/21/20 shows a -2% Downtrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. 47 of 54 cases where ENVA's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 87%.
The lower Bollinger Band was broken -- a price increase is expected as the ticker heads toward the middle band, which indicates a buy or call consideration for traders. Tickeron AI shows that in 26 of 33 cases where ENVA's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued Uptrend are 79%.
$ENVA - Consolidation phase, anticipating continuation upI would appreciate if the price made a confirmation retest at the support of $15.5 (thats where i'd enter). I would also wait for the price to test the high a few times and enter on the break out if the price doesnt come down to the support level.
*If it goes against my trading plan, I'd stop-out below the support of the Flag Pennant.
A NYSE PICKThis has a very long base, starting a J hook pattern.
The MACD has crossed.
The CCI and %R are near the top.
Relative Strength is strong,
Money Flow is strong.
On weekly: The bollinger bands have narrowed and the cloud is at the $13 range.
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