Get started

ENVX

The Good, The Bad, and The Batteries Enovix (ENVX)Enovix (ENVX) Stock Analysis: Batteries, Risks, and Big Dreams "Speculation without preparation is just gambling with extra paperwork." 1. Batteries That Could Change the Game Enovix Corporation is a silicon battery innovator. From smartphones to EVs, they’re trying to power everything—if they can power through their own growing pains first. Stock’s sitting at $8.42, down 6.24% recently. A far cry from its 52-week high of $18.68. The low? $5.70. A wild ride, just like the battery tech race. Cool tech, shaky stock. Can they charge forward, or will they short-circuit? 2. Financial Roller Coaster 2023 revenue climbed 23% to $7.64M. Sounds great—until you see the $214M net loss (up 314%). Cash burn isn’t just happening; it’s a bonfire. Q3 2024 did offer a silver lining. Losses narrowed by 80% quarter-over-quarter, with EPS coming in better than expected at -$0.17 vs. -$0.21. Progress, but still deep in the red. When a company spends $214M to make $7M, the math doesn’t exactly scream stability. 3. Analysts Love It, The Market Isn’t Sure Analysts are calling it a “Strong Buy,” with a $21.22 price target—a potential upside of 134%. But with 24.59% of the float shorted, skeptics clearly have reservations. Some love the battery promise. Others see the losses, CFO departure, and volatility as too big to ignore. This stock is a battlefield between optimists and skeptics. Pick your side, but don’t forget the popcorn. 4. Malaysia Plant: The Big Hope Enovix’s Fab-2 in Malaysia is operational, producing EX-1M battery cells and prepping for mass production by 2025. Add a major smartphone OEM deal to the mix, and the future starts looking brighter. Scaling production is their golden ticket. But “mass production” often means “massive delays.” Keep watching. 5. Risks and Red Flags Leadership changes, high short interest, and the struggle to scale—Enovix has its challenges. They’re betting on their tech to win over skeptics, but nothing’s guaranteed in a high-risk, high-reward industry. If they pull it off, it’s a game-changer. If they don’t? Another tech name fades into obscurity. 6. Bottom Line: Worth the Risk? Enovix is speculative. Its tech has potential, but the road ahead is paved with volatility. For risk-tolerant investors, it’s a shot worth considering. For the cautious? Maybe wait until the story unfolds further. Disclaimer: “Investing is risky. Past performance is no guarantee of future results. Consult your financial advisor. Or don’t. Just don’t blame DCAChampion if things go south.
NASDAQ:ENVXLong
by DCAChampion
Technical Analysis of Enovix Corporation (ENVX)### Technical Analysis of Enovix Corporation (ENVX) #### Overview The chart shows the daily price movement of Enovix Corporation (ENVX) on the NASDAQ exchange. It features Fibonacci retracement levels, trend lines, and projected price paths indicating potential future movements. #### Fibonacci Retracement Levels The Fibonacci retracement levels are drawn from the swing low around early 2022 to the swing high later in the same year. The key levels identified are: - **0.236 (11.15 USD)** - **0.382 (13.99 USD)** - **0.5 (15.55 USD)** - **0.618 (17.57 USD)** - **0.786 (20.39 USD)** These levels can act as potential support and resistance zones. #### Current Price Action The current price is around **16.52 USD**, situated between the 0.5 Fibonacci retracement level (15.55 USD) and the 0.618 level (17.57 USD). The recent price action shows that the stock has rebounded from the 0.382 level (13.99 USD) and is testing the higher Fibonacci levels. #### Trend Lines The chart features a descending trend line from the highs in 2021, intersecting with the Fibonacci levels. There is also a shorter-term descending trend line providing additional context for potential resistance. #### Resistance Levels - **17.57 USD (0.618 Fibonacci level)** - **20.39 USD (0.786 Fibonacci level)** - **23.99 USD (swing high)** These levels are important to watch as potential resistance if the price continues to move upward. #### Support Levels - **15.55 USD (0.5 Fibonacci level)** - **13.99 USD (0.382 Fibonacci level)** - **11.15 USD (0.236 Fibonacci level)** These levels serve as crucial support zones in case of a price pullback. #### Projection The chart indicates a potential upward movement, with price projections suggesting a possible path towards 34.38 USD (1.618 Fibonacci extension level) by 2025. The projected path involves a series of higher highs and higher lows, indicating a bullish trend if these projections hold true. ### Conclusion Enovix Corporation (ENVX) is showing signs of a potential bullish reversal, with key support at 15.55 USD and resistance around 17.57 USD. Traders should monitor these levels for breakout or breakdown scenarios, considering the broader market trends and any significant news impacting the stock. ### Disclaimer This analysis is just an opinion and should not be considered as financial advice. Trading stocks involves risk, and you should do your own research or consult a financial advisor before making any investment decisions. Any profit or loss is the responsibility of the audience, and I do not take any responsibility in this regard.
NASDAQ:ENVXLong
by arblb1366
#ENVX Straddle /Trade PlanAccording to our observations a very large neutral position with exp date September, 15. Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance. We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone. We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
NASDAQ:ENVX
by ClashChartsTeam
ENVX - Army Swiss Knife X FactorA Couple things to note is Enovix has been on a steady rise and has had bullish catalyst released. It's on the hook to hit the next leg. Lame pun for the Hook showing on the chart pattern "The advanced silicon battery company said the deal is for it to produce commercial cells for use within U.S. Army soldier's central power source, called the Conformal Wearable Battery. Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB packs." - MarketBeat This launched the stock price to $19 ON JULY 6TH. It helps that spy has been pumping making new highs. I feel it will rise in the next few weeks with spy being on an extreme bull run and ENVX following a similar pattern. ENVX, RSI on close to oversold, Williams showing the stock is curling. ENVX is currently aligned with SPY and have the same exact pattern It may run up with SPY so long as it remains bullish. Expect it to touch at least $25 but theres a lot of turbulance up there as thats where it's been consolidating in the past. General consensus PT is $38. Others have placed as high as $100. has an average rating of buy and price targets ranging from $15 to $100, according to analysts polled by Capital IQ. Trade Responsible, #TradeTheWave
AMEX:SPYLong
by FinesseTheWave
Enovix / ENVX - A Close ShaveI don't know anything about this corporation, except that one of the services I follow on Twitter was promoting it yesterday saying ENVX is "one of our favorite stocks" and "it's on the move" because something something dealer gamma something something indicators. Of course, this was yesterday right as it was sitting below making a new high and has since manufactured "resistance" with quite the pullback. It really shows you what following these "services" is worth. They're there to encourage you, somehow, to buy when it's high and sell when it's low, but not the other way around. Almost like they're some sort of public relations squad masquerading as a technical indicator. The new high it made happened to be an 8 cent stop sweep on the daily candles. The problem with indicators and other forms of retail-facing "quant" analysis is they're usually lagging and they usually have you looking where it isn't important, thereby serving as a huge distraction and confusing you. I also don't care too much about the "fundamentals" of any stock. So long as it hasn't been rug pulled by the market makers because it's on the edge of public bankruptcy, I believe that the truth of all markets is reflected in the price action and reflected in the price action alone. Right above this pair of August highs is the January 1 high. Since market makers tend to be attracted to the low hanging fruit, like everyone else, it makes more sense that they'd go for it and the $30 big figure before they'd dump beneath the $18 earnings news pump. I think you get a "close shave" fine scalp going long around $21, so long as you get out over $30, and you have to call it quits under $18. It is worth noting that at $22, we're still trading at a premium in the local price impulse, so $19.xx might be where it's at. Although I have mixed feelings about whether it will, and whether I want to see it, break $20 on the way down. What lies ahead for the overall market is not going to be pretty, but in the interim, several stocks will still have some bull impulses before being entirely drug down by a market that gives one the impression that we're amid the real bubble pop recession crash landing. If you go for the scalp, keep your risk low and get cash heavy when you get the chance. Today's action on the Indexes is just a prelude of the "chaos" to come. If you've been getting long at the tops thinking it's time for the New Moon, consider reducing your risk and protect yourself.
NASDAQ:ENVX
by LordWrymouth