EVD Technical Analysis - CTS EVENTIM AG & CO KGAA

Technical Rating and Analysis

Overall EVD gets a technical rating of 0 out of 10. EVD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

94% of all other stocks performed better in the past year than EVD.

EVD is one of the lesser performing stocks in the Entertainment industry. 68% of 48 stocks in the same industry do better.

EVD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month EVD has a been trading in the 81.55 - 89.65 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CTS EVENTIM AG & CO KGAA / EVD Weekly stock chart

CTS EVENTIM AG & CO KGAA / EVD Daily stock chart

Setup Rating and Analysis

EVD has a poor technical rating and the quality of the setup is also not perfect 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

79.25

92.64

We found 2 important support areas.

Support @81.53 from a trend line in the weekly time frame.
Support @80.05 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 82.15 to 84.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 88.46 to 88.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @91.72 from a trend line in the daily time frame.

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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 EVD.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EVD.DE is down.
ChartMill Relative Strength	6.57	NEGATIVE	EVD.DE has a low relative strength, it was outperformed by 93.43% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EVD.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EVD.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of EVD.DE is below the rising SMA(200).
Relative Strength Index/RSI (14)	39.06	NEUTRAL	The RSI value for EVD.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests EVD.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	29.06	NEUTRAL	The Stochastics value for EVD.DE is a neutral value.
Average True Range in percent/ATR (20)	1.73	LOW VOLATILITY	The low ATR as a percentage value for EVD.DE suggests low volalility.
Average Directional Index/ADX (14)	28.13	POSITIVE	The high ADX value value for EVD.DE suggests a strong trend.