Should I Buy Enovix Corp Stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. ENVX has several negative signals and is within a falling trend, so we believe it will perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Our analysis conclusion for this stock is a Strong Sell candidate.
ENVX stock price ended at $7.94 on Tuesday, after rising 6.15%
The Enovix Corp stock price increased by 6.15% on the last trading day (13 May 2025), rising from 7.56 to 7.94. Throughout the last trading session, the stock experienced a fluctuation of 8.13% , ranging from a day low of $7.56 to a day high of 8.175. The price has declined in 3 of the last 10 days, resulting in a total change of 17.28% during this period. On the last day, trading volume decrease by -14.04K shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 6.53M shares were traded, amounting to approximately 51.62M.
ENVX Technical Signals
ENVX(Enovix Corp Corp) has 4 buy signals and 5 sell signals now. The current trend is consolidation starting from 2025-05-06. The total price change during this trend is +23.45%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of ENVX over the last 5 trading days is 25.53M. Overall, the technical indicator signals lean more toward a Neutral outlook in the mid-term.
ENVX Moving Average Analysis
Enovix Corp's overall moving average trend leans more bullish as of Wednesday, May 14, 2025, with 2 negative signals and 2 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $7.663429999999999, and $8.303279999999999. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $5.5931299999999995, and $4.9532799999999995. A break-down below any of these levels will issue sell signals.
ENVX Short Selling Analysis
The short sale ratio of Enovix Corp(ENVX) as of 09 May 2025 is 21.49%, rising from last trading day. With increasing price from 6.48 to 6.58. The short sell activity indicate that short sellers may be anticipating a price reversion.
Technical Signal
Technical Signals Summary
Sell
5
Buy
4
Moving Average
Swing
PositiveStock Price Above SMA_5
Short Term
PositiveSMA_5 Above SMA_20
Mid Term
NegativeSMA_20 Below SMA_60
Long Term
NegativeSMA_60 Below SMA_200
Short Selling
Close Price
Short Sale Ratio
Short Sale Volume
4 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish
Indicators
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.608
Bullish
Closing price
close > fibonacci_R1
7.518
Bullish
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
Moving Average
5-day SMA crosses above 20-day SMA
--
Bullish
5 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish
Indicators
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 > 100
214.28
Bearish
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.146
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.12
Bearish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 > 80
88.029
Bearish
Williams %R (14 days)
WILLR_14 > -20
-0.991
Bearish
ENVX Price Prediction & Forecast by Similar Chart Analysis
Based on historical patterns and backtesting of stocks with similar movements to Enovix Corp(ENVX), our algorithm predicts ENVX's 1-month price at $4.79, with an -27.2%downwardshift. Using a similarity score up to 93.26%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for Enovix Corp (ENVX.O) stock, as of Sunday, May 11, 2025 , forecasts a -27.2% change over the next month, based on its high correlation with MRUS.O stock patterns. The similarity between their price movements over the analyzed periods is 93.26%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
ENVX
No Data
MRUS
Down: -27.2%Similarity: 93.26%
Name
Similarity
Up/Down
MRUS.O
93.26%
-27.20%
ENVX Seasonality Analysis
Based on ENVX's historical stock price data across all years, the probability of a positive return in May is100.00%, suggesting it maybe an ideal month to invest in ENVX. In contrast,Mayoffers the highest probability of positive returns at100.00%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.
Monthly Seasonality
The radar chart shows that buying Enovix Corp (ENVX.O) stock in May has the highest probability of a positive return (100.00%), while March has the lowest probability (20.00%).
Performance Seasonality
The chart shows Enovix Corp. (ENVX)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.
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FAQ
Should I buy Enovix Corp (ENVX.O) stock?
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