EVE HOLDING INC (EVEX) Stock Technical Analysis
NYSE:EVEX - New York Stock Exchange, Inc. - US29970N1046 - Common Stock - Currency: USD
Overall EVEX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, EVEX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, EVEX did better than 96% of all other stocks.
EVEX is part of the Aerospace & Defense industry. There are 67 other stocks in this industry. EVEX outperforms 90% of them.
EVEX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EVEX is lagging the market slightly.
In the last month EVEX has a been trading in the 6.17 - 7.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.
EVEX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.30. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
3.48
7.43
When analyzing the support we can see 3 important areas.
- Support @6.53 from a trend line in the daily time frame.
- Support @6.40 from a horizontal line in the daily time frame.
- A support zone ranging from 3.52 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.30 to 7.36. This zone is formed by a combination of multiple trend lines 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 EVEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVEX is up. |
| ChartMill Relative Strength | 96.63 | POSITIVE | EVEX has a high relative strength, it outperformed 96.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EVEX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EVEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.43 | NEUTRAL | The RSI value for EVEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EVEX has a negative trend. |
| Stochastics (14,3) | 62.66 | NEUTRAL | The Stochastics value for EVEX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.52 | HIGH VOLATILITY | The high ATR as a percentage value for EVEX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.3 | POSITIVE | The high ADX value value for EVEX 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)
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 |
|---|---|---|---|
| 7.37 | 6.52 | 0.85 (11.53%) | 8.67% |
| An entry @7.37. This is a Buy Stop order right above the resistance zone. | An exit @6.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.85 points, which is 11.53%. | When investing 8.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
6.96
-0.24 (-3.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-3.33%
1 Week0.87%
2 Weeks-1.28%
1 Month17.37%
3 Month90.68%
6 Month44.7%
12 Month104.11%
2 Year-23.93%
3 Year-9.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%7.52%
ATR Inc-43.84%
Range Today0.24
ADR(20)0.49
ADR(20)%7.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.63
Mansfield5.21
10 Day High7.48
10 Day Low6.22
20 Day High7.7
20 Day Low6.18
52 Week High7.7
52 Week Low2.33
CS1 End6.53
CR1 Start7.3
Volume & EV
DER(3)-5.56%
DER(5)-3.71%
Volume374.77K
Volume Incr20.79%
Vol(5)643.26K
Vol(50)403.46K