The stock currently seems healthy, with positive earnings in the last quarter and indicators also suggesting a bullish stance.

From a technical perspective EnQuest’s share price sits at £29.85 after making recovery moves over the summer period. On the upside, through applying the Fibonacci retracement to the chart, resistance is at £30.70 (61.8% fib). A break above the 61.8% fib level could see the stock head towards £33.22 (76.4%fib) where it previously tried to break above but failed. In the short-term towards the downside, first support rests at £28.66 or 50% fib retracement. A break below the 50% fib may see the share price slide towards the next support level of £26.62 (38.2%). MACD is showing positive and RSI reads 57, overall suggesting a positive stance.