ENTRAVISION COMMUNICATIONS-A (EVC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EVC - US29382R1077 - Common Stock
We assign a technical rating of 8 out of 10 to EVC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EVC is showing a nice and steady performance.
Besides having an excellent technical rating, EVC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 2.58, a Stop Loss order could be placed below this zone.
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1.96
3 important support areas can be observed.
- A support zone ranging from 2.52 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.03 to 2.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.89 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 EVC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVC is up. |
| ChartMill Relative Strength | 77.77 | POSITIVE | EVC has a high relative strength, it outperformed 77.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EVC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.27 | NEUTRAL | The RSI value for EVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EVC has a negative trend. |
| Stochastics (14,3) | 60.83 | NEUTRAL | The Stochastics value for EVC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for EVC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.35 | POSITIVE | The high ADX value value for EVC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.77 | 2.55 | 0.22 (8.04%) | 12.43% |
| An entry @2.77. This is a Buy Stop order right above the 10 day moving average. | An exit @2.55. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.22 points, which is 8.04%. | For a 1.00% total portfolio risk, you can invest 12.43% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.73
-0.06 (-2.15%)
ENTRAVISION COMMUNICATIONS-A / EVC FAQ
What is the technical rating for EVC stock?
ChartMill assigns a technical rating of 8 / 10 to EVC.
Can you provide the trend direction for ENTRAVISION COMMUNICATIONS-A?
The current trend direction for ENTRAVISION COMMUNICATIONS-A (EVC) is Bullish.
Can you provide the RSI signal for ENTRAVISION COMMUNICATIONS-A?
ENTRAVISION COMMUNICATIONS-A (EVC) has an RSI value of 55.2717. This indicates that the stock is currently neutral.
What is the short term momentum for EVC stock?
The short term momentum for ENTRAVISION COMMUNICATIONS-A (EVC) is positive.
What is the buy/sell signal for ENTRAVISION COMMUNICATIONS-A (EVC) stock?
The buy/sell signal for ENTRAVISION COMMUNICATIONS-A (EVC) is buy as both the short term and long term trends are positive.