AEVA Technical Analysis - AEVA TECHNOLOGIES INC

Technical Rating and Analysis

Overall AEVA gets a technical rating of 3 out of 10. Although AEVA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

AEVA is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. AEVA outperforms 93% of them.

AEVA has an average volume of 2648540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the yearly performance of all stocks, we notice that AEVA is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

AEVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AEVA is lagging the market.

In the last month AEVA has a been trading in the 12.86 - 19.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AEVA TECHNOLOGIES INC / AEVA Weekly stock chart

AEVA TECHNOLOGIES INC / AEVA Daily stock chart

Setup Rating and Analysis

AEVA has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

12.96

15.15

When analyzing the support we can see 3 important areas.

A support zone ranging from 14.75 to 14.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @14.15 from a trend line in the daily time frame.
Support @13.09 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for AEVA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AEVA is down.
ChartMill Relative Strength	97.96	POSITIVE	AEVA has a high relative strength, it outperformed 97.96% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of AEVA is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AEVA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AEVA is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.97	NEUTRAL	The RSI value for AEVA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests AEVA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	33.13	NEUTRAL	The Stochastics value for AEVA is a neutral value.
Average True Range in percent/ATR (20)	9.32	HIGH VOLATILITY	The high ATR as a percentage value for AEVA suggests high volalility.
Average Directional Index/ADX (14)	15.82	NEGATIVE	The low ADX value for AEVA suggests a weak or negative trend.