EVAXION A/S (EVAX) Stock Technical Analysis
USA - NASDAQ:EVAX - US29970R3030 - ADR
We assign a technical rating of 9 out of 10 to EVAX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EVAX is showing a nice and steady performance.
Although EVAX has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
2.58
4 important support areas can be observed.
- Support @5.68 from a trend line in the daily time frame.
- Support @5.43 from a horizontal line in the daily time frame.
- Support @3.14 from a trend line in the daily time frame.
- Support @2.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @6.80 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for EVAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVAX is up. |
| ChartMill Relative Strength | 89.11 | POSITIVE | EVAX has a high relative strength, it outperformed 89.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EVAX is below the rising 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) | UP | POSITIVE | The current price of EVAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.89 | NEUTRAL | The RSI value for EVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests EVAX has a negative trend. |
| Stochastics (14,3) | 8.55 | OVERSOLD | The low Stochastics value suggests EVAX may be oversold. |
| Average True Range in percent/ATR (20) | 21.38 | HIGH VOLATILITY | The high ATR as a percentage value for EVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 35.51 | POSITIVE | The high ADX value value for EVAX suggests a strong trend. |
6.13
+0.24 (+4.07%)
EVAXION A/S / EVAX FAQ
Can you provide the ChartMill technical rating for EVAXION A/S?
ChartMill assigns a technical rating of 9 / 10 to EVAX.
What is the current trend direction of EVAXION A/S (EVAX) stock?
The current trend direction for EVAXION A/S (EVAX) is Bullish.
Can you provide the RSI signal for EVAXION A/S?
EVAXION A/S (EVAX) has an RSI value of 51.8858. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EVAXION A/S?
The MACD indicator for EVAXION A/S (EVAX) has a value of -0.284143, indicating a bearish trend.
Can you provide the short term momentum for EVAXION A/S?
The short term momentum for EVAXION A/S (EVAX) is positive.