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Enegex Limited

ENX.AX Technical Analysis Summary (ASX)

Analyze ENX.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ENX.AX●ASX
Basic MaterialsOther Precious Metals
$0.21
$0.02(6.52%)
Australian Market opens in 14h 9m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ENX.AX Technical Analysis Summary (ASX)

Enegex Limited (ASX: ENX.AX) stock currently shows a bearish trend on the ASX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 31.76)
Trend Strength:Very Strong (ADX: 45.92)
Volatility:Medium (ATR: 0.01)
Support/Resistance:$0.16 – $0.22 (Bollinger Bands)

Technical conditions suggest Enegex Limited on the ASX is awaiting a decisive move. This mix signals caution, with Enegex Limited approaching overbought levels and risk of pullback.

Momentum Indicators

RSI (14): 31.76

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 40.00

Neutral
Mid-range signal with no clear trend.

Williams %R: -70.00

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -2.78

Bearish
Selling pressure outweighs buying.

Takeaway:Enegex Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 45.92

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): -163.45

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Enegex Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.22
Middle Band (SMA 20)
$0.19
Lower Band
$0.16
Current Position
Within Bands

Takeaway:Enegex Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.22
Middle Line (EMA 20)
$0.20
Lower Channel
$0.18
Squeeze Status
No Squeeze

Takeaway:Enegex Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-867.68K
Money Flow Index47.79Neutral, balanced money flows with no clear signal.
Relative Vigor Index25.37Bearish, price momentum favors sellers.

Overall Takeaway:ENX.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Enegex Limited (ASX: ENX.AX), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Enegex Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: ENX.AX) Technical Analysis FAQ