EVE HOLDING INC (EVEX) Stock Technical Analysis
NYSE:EVEX - New York Stock Exchange, Inc. - US29970N1046 - Common Stock - Currency: USD
Taking everything into account, EVEX scores 8 out of 10 in our technical rating. In the last year, EVEX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
EVEX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EVEX is performing more or less in line with the market.
In the last month EVEX has a been trading in the 3.41 - 5.60 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, EVEX did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EVEX is an average performer in the Aerospace & Defense industry, it outperforms 53% of 64 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although EVEX has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
3.31
5.84
3 important support areas can be observed.
- A support zone ranging from 3.85 to 3.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.40 from a trend line in the weekly time frame.
- Support @3.34 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @5.63 from a horizontal line in the weekly time frame.
- Resistance @5.78 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 EVEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVEX is up. |
| ChartMill Relative Strength | 88.51 | POSITIVE | EVEX has a high relative strength, it outperformed 88.51% off all stocks 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) | 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) | 70.91 | OVERBOUGHT | The high RSI value suggests EVEX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EVEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.16 | OVERBOUGHT | The high Stochastics value suggests EVEX may be overbought. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for EVEX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.55 | 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)
5.4
-0.11 (-2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-2%
1 Week22.73%
2 Weeks19.21%
1 Month53.85%
3 Month31.39%
6 Month28.88%
12 Month9.53%
2 Year-32.42%
3 Year-38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%5.92%
ATR Inc-4.45%
Range Today0.24
ADR(20)0.3
ADR(20)%5.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.51
Mansfield3.67
10 Day High5.6
10 Day Low4.18
20 Day High5.6
20 Day Low3.41
52 Week High6.09
52 Week Low2.33
CS1 End3.88
CR1 Start5.63
Volume & EV
DER(3)8.36%
DER(5)7.71%
Volume317.40K
Volume Incr52.73%
Vol(5)269.84K
Vol(50)202.75K