EOLS Technical Analysis - EVOLUS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to EOLS. EOLS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

97% of all other stocks performed better in the past year than EOLS.

EOLS is one of the lesser performing stocks in the Pharmaceuticals industry. 85% of 196 stocks in the same industry do better.

EOLS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month EOLS has a been trading in the 6.21 - 7.95 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

EOLS has an average volume of 1485190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of EOLS is bad and it also does not present a quality setup 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

6.23

15.06

We can see 4 important resistance areas.

Resistance @7.10 from a trend line in the daily time frame.
A resistance zone ranging from 7.68 to 7.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @10.87 from a trend line in the weekly time frame.
Resistance @14.91 from a horizontal line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for EOLS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EOLS is down.
ChartMill Relative Strength	3.22	NEGATIVE	EOLS has a low relative strength, it was outperformed by 96.78% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EOLS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EOLS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of EOLS is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.47	NEUTRAL	The RSI value for EOLS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests EOLS has a negative trend.
Stochastics (14,3)	3.15	OVERSOLD	The low Stochastics value suggests EOLS may be oversold.
Average True Range in percent/ATR (20)	5.27	HIGH VOLATILITY	The high ATR as a percentage value for EOLS suggests high volalility.
Average Directional Index/ADX (14)	16.77	NEGATIVE	The low ADX value for EOLS suggests a weak or negative trend.