ENVIVA INC (EVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EVA - US29415B1035 - Common Stock
Overall EVA gets a technical rating of 1 out of 10. EVA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, EVA does present a nice setup opportunity. 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
We found 1 important support area.
- Support @0.37 from a trend line in the daily time frame.
5 important resistance areas can be observed.
- 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. |
NYSE:EVA (10/3/2024, 8:11:14 PM)
0.4198
+0.01 (+2.22%)
ENVIVA INC / EVA FAQ
What is the ChartMill technical rating of ENVIVA INC (EVA) stock?
ChartMill assigns a technical rating of 1 / 10 to EVA.
What is the current trend direction of ENVIVA INC (EVA) stock?
The current trend direction for ENVIVA INC (EVA) is Bearish.
What is the RSI signal for EVA stock?
ENVIVA INC (EVA) has an RSI value of 49.5941. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENVIVA INC?
The MACD indicator for ENVIVA INC (EVA) has a value of 0.0034555, indicating a bearish trend.
Can you provide the support and resistance levels for ENVIVA INC?
ENVIVA INC (EVA) has a support level at 0.37 and a resistance level at 0.43. Check the full technical report for our detailed analysis of EVA support and resistance levels.