EVAXION A/S (EVAX) Stock Technical Analysis
NASDAQ:EVAX - Nasdaq - US29970R3030 - ADR - Currency: USD
We assign a technical rating of 3 out of 10 to EVAX. Recently some decent action could be observed, but in the medium term time frame this is still negative. EVAX was also a bad performer in the overall market in the last year.
85% of all other stocks performed better in the past year than EVAX.
EVAX 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.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
EVAX is part of the Biotechnology industry. There are 555 other stocks in this industry, EVAX did better than 47% of them.
In the last month EVAX has a been trading in the 2.07 - 3.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, EVAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.22
2.69
We found 1 important support area.
- Support @2.24 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.52 to 2.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.60 to 2.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 EVAX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVAX is up. |
| ChartMill Relative Strength | 15.11 | NEGATIVE | EVAX has a low relative strength, it was outperformed by 84.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVAX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.5 | NEUTRAL | The RSI value for EVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests EVAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.4 | NEUTRAL | The Stochastics value for EVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 12.05 | HIGH VOLATILITY | The high ATR as a percentage value for EVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 27.58 | POSITIVE | The high ADX value value for EVAX suggests a strong 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)
2.45
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week0.41%
2 Weeks-11.55%
1 Month-0.41%
3 Month62.25%
6 Month-46.15%
12 Month-84.74%
2 Year-96.26%
3 Year-97.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%12.05%
ATR Inc-43.31%
Range Today0.11
ADR(20)0.28
ADR(20)%11.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.11
Mansfield-6.84
10 Day High2.95
10 Day Low2.07
20 Day High3.19
20 Day Low2.07
52 Week High17.75
52 Week Low1.2
CS1 End2.22
CR1 Start2.56
Volume & EV
DER(3)-16.99%
DER(5)-7.34%
Volume37.70K
Volume Incr-31.11%
Vol(5)109.84K
Vol(50)105.58K