Technical Analysis: ENVX has shown significant weakness in recent trading sessions, falling from $11.78 to $9.55, representing a decline of approximately 19%. The RSI-14 at 44.47 indicates neutral momentum but trending towards oversold territory. The MACD shows a bearish crossover with negative divergence (-0.10), suggesting continued downward pressure.
News Impact: Recent earnings report showed mixed signals:
Price Catalysts:
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
Given the recent sharp decline and oversold conditions, ENVX is likely to find support around $9.78 and attempt a technical bounce. However, weak guidance and broader market sentiment suggest limited upside.
Target Price Range: $9.75-$10.50
Recommendation: HOLD Current price levels present elevated risk for new positions. Wait for price stabilization and clearer technical signals before establishing new positions.
The price of ENVX is predicted to go up -13.87%, based on the high correlation periods with OI. The similarity of these two price pattern on the periods is 94.27%.
ENVX
OI
Year
ENVX Price Forecast($)
Potential Return(%)
2025
18.000
58.170
2026
20.000
65.840
2027
25.000
107.300
2028
28.000
132.170
2029
30.000
148.760
2030
50.000
314.590
Craig-Hallum
2025-02-20
Price Target
$20 → $18
Upside
+56.86%
Cantor Fitzgerald
2024-10-30
Price Target
$30
Upside
+186.26%
JP Morgan
2024-10-22
Price Target
$18 → $15
Upside
+33.1%