We assign a technical rating of 8 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, it does not present a decent entry opportunity 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.
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3.52
We found 2 important support areas.
- A support zone ranging from 5.26 to 5.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.56 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @6.64 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for EVAX is neutral. |
| ChartMill Relative Strength | 95.22 | POSITIVE | EVAX has a high relative strength, it outperformed 95.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVAX is above 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) | 61.4 | NEUTRAL | The RSI value for EVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests EVAX has a positive trend. |
| Stochastics (14,3) | 70.71 | NEUTRAL | The Stochastics value for EVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.01 | HIGH VOLATILITY | The high ATR as a percentage value for EVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 12.21 | NEGATIVE | The low ADX value for EVAX suggests a weak or negative trend. |
6.63
+0.35 (+5.57%)
EVAXION A/S / EVAX FAQ
Can you provide the ChartMill technical rating for EVAXION A/S?
ChartMill assigns a technical rating of 8 / 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 61.3986. 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 0.108827, 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 neutral.