EVE HOLDING INC (EVEX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EVEX - US29970N1046 - Common Stock
Overall EVEX gets a technical rating of 6 out of 10. EVEX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
EVEX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 4.78, a Stop Loss order could be placed below this zone. 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.
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3.62
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.76 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.38 to 4.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.66 to 3.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.86 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 5.05 to 5.06. This zone is formed by a combination of multiple trend lines in the daily 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 | 66.45 | NEUTRAL | EVEX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EVEX is above a declining 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) | 58.46 | NEUTRAL | The RSI value for EVEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EVEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.04 | NEUTRAL | The Stochastics value for EVEX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for EVEX suggests high volalility. |
| Average Directional Index/ADX (14) | 27.11 | POSITIVE | The high ADX value value for EVEX 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 |
|---|---|---|---|
| 4.87 | 4.75 | 0.12 (2.46%) | 25.00% |
| An entry @4.87. This is a Buy Stop order right above the resistance zone. | An exit @4.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 2.46%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EVEX. Please evaluate whether better entry and exit points can be found.
- 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.
4.8
-0.03 (-0.62%)
EVE HOLDING INC / EVEX FAQ
What is the technical rating for EVEX stock?
ChartMill assigns a technical rating of 6 / 10 to EVEX.
What is the current trend direction of EVE HOLDING INC (EVEX) stock?
The current trend direction for EVE HOLDING INC (EVEX) is Bullish.
Can you provide the RSI signal for EVE HOLDING INC?
EVE HOLDING INC (EVEX) has an RSI value of 58.4588. This indicates that the stock is currently neutral.
What is the short term momentum for EVEX stock?
The short term momentum for EVE HOLDING INC (EVEX) is positive.
What is the buy/sell signal for EVEX stock?
The buy/sell signal for EVE HOLDING INC (EVEX) is buy as both the short term and long term trends are positive.