ENVIVA INC (EVA) Technical Analysis
NYSE:EVA • US29415B1035
Current stock price
EVA Technical Rating and Analysis
Taking everything into account, EVA scores 1 out of 10 in our technical rating. 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. 92% of 209 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. The S&P500 Index is trading in the upper part of its 52 week range, so EVA is lagging the market.
- 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 Weekly and Daily overview Charts
EVA Setup Rating and Analysis
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
EVA Support and Resistance Analysis
0.37
When analyzing the support we notice one important 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.
EVA 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 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. |
EVA Chart- and CandleStick Pattern Analysis
EVA Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:EVA (10/3/2024, 8:11:14 PM)
0.4198
+0.01 (+2.22%)
ENVIVA INC / EVA TA FAQ
What is the ChartMill technical rating of ENVIVA INC (EVA) stock?
ChartMill assigns a technical rating of 1 / 10 to EVA.
Can you provide the trend direction for ENVIVA INC?
The current trend direction for ENVIVA INC (EVA) is Bearish.
What is the RSI signal for ENVIVA INC (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.