Enovix Corporation (ENVX)

Enovix Corporation is trading at $3.15, down 10.26% on the session. The 50 day average sits at $2.99 and the 200 day at $5.27, which puts the stock in a downtrend. RSI is at 51.8, which reads as neutral, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $2.48 with resistance near $2.94, so that band frames the current range. Average daily movement is roughly $0.25, or about 7.8% of the share price, which is what any stop placement has to allow for. The overall health score of 37 out of 100 combines a trend score of 20, momentum of 67 and a risk score of 22.

Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2006 and is headquartered in Fremont, California.