ENVIVA INC (EVA) Stock Technical Analysis
NYSE:EVA - New York Stock Exchange, Inc. - US29415B1035 - Common Stock - Currency: USD
Overall EVA gets a technical rating of 1 out of 10. EVA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, EVA is a bad performer in the overall market: 95% of all stocks are doing better.
EVA is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 88% of 213 stocks in the same industry do better.
EVA 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 EVA has a been trading in the 0.36 - 0.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
EVA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for EVA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.37
0.54
We found 1 important support area.
- Support @0.37 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.46 from a trend line in the daily time frame.
- Resistance @0.48 from a trend line in the weekly time frame.
- Resistance @0.51 from a trend line in the weekly time frame.
- Resistance @0.53 from a trend line in the daily time frame.
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 EVA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVA is neutral. |
| ChartMill Relative Strength | 5.74 | NEGATIVE | EVA has a low relative strength, it was outperformed by 94.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EVA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EVA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.59 | NEUTRAL | The RSI value for EVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EVA has a positive trend. |
| Stochastics (14,3) | 41.65 | NEUTRAL | The Stochastics value for EVA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.69 | HIGH VOLATILITY | The high ATR as a percentage value for EVA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.38 | NEGATIVE | The low ADX value for EVA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:EVA (10/3/2024, 8:11:14 PM)
0.4198
+0.01 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.22%
1 Week2.94%
2 Weeks4.98%
1 Month-3.56%
3 Month0.14%
6 Month2.39%
12 Month-92.75%
2 Year-99.3%
3 Year-99.37%
5 Year-98.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%7.69%
ATR Inc-56.49%
Range Today0.02
ADR(20)0.03
ADR(20)%7.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.74
Mansfield-6.15
10 Day High0.43
10 Day Low0.36
20 Day High0.48
20 Day Low0.36
52 Week High5.93
52 Week Low0.25
CS1 End0.37
CR1 Start0.43
Volume & EV
DER(3)15.7%
DER(5)5.28%
Volume135.40K
Volume Incr-59.17%
Vol(5)161.54K
Vol(50)346.51K