EVOLV TECHNOLOGIES HOLDINGS (NASDAQ:EVLV) – A High-Growth Stock Meeting Minervini’s Trend Template

EVOLV TECHNOLOGIES HOLDINGS (NASDAQ:EVLV) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, which specializes in AI-driven security screening solutions, demonstrates strong technical and fundamental characteristics that make it a candidate for growth-focused investors.

Why EVLV Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends, supported by key moving averages and relative strength. EVLV meets these criteria:

• Price Above Key Moving Averages: The stock trades above its 50-day ($5.49), 150-day ($4.21), and 200-day ($4.01) moving averages, confirming a bullish trend.
• Upward-Sloping Averages: Both the 150-day and 200-day moving averages are trending upward, reinforcing long-term strength.
• Relative Strength: With a ChartMill Relative Strength (CRS) score of 95.18, EVLV outperforms 95% of all stocks, a key trait of market leaders.
• Price Near 52-Week High: At $5.83, the stock is within 10% of its 52-week high ($6.45), indicating strong momentum.

High Growth Fundamentals

Beyond technical strength, EVLV shows accelerating growth metrics:

• Revenue Growth: Quarterly sales growth stands at 47.7%, with TTM revenue growth at 36.5%.
• Earnings Momentum: EPS growth (Q2Q) surged by 77.8%, while annual EPS growth (TTM) improved by 55.9%.
• Estimate Revisions: Analysts have raised next-year EPS estimates by 7.4% over the past three months, signaling confidence in future profitability.
• Consistent Beat History: The company has beaten EPS estimates in all of the last four quarters, with an average beat of 39.7%.

Technical Outlook

EVLV’s technical rating of 9/10 reflects its strong trend and consolidation pattern. The stock is trading near support at $5.04, with resistance around $6.25. A breakout above this level could signal further upside.

For a deeper technical breakdown, review the full technical analysis report.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and technical strength, updated daily.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before making investment decisions.