EVOFEM BIOSCIENCES INC (EVFM) Stock Technical Analysis
NASDAQ:EVFM - Nasdaq - US30048L2034 - Common Stock - Currency: USD
Taking everything into account, EVFM scores 2 out of 10 in our technical rating. EVFM 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.
When comparing the yearly performance of all stocks, EVFM is a bad performer in the overall market: 99% of all stocks are doing better.
EVFM is one of the lesser performing stocks in the Pharmaceuticals industry. 85% of 198 stocks in the same industry do better.
EVFM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EVFM is lagging the market.
In the last month EVFM has a been trading in the 0.43 - 1.14 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
EVFM has an average volume of 44125300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of EVFM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.47
0.79
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.78 from a trend line 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 | DOWN | NEGATIVE | The long term trend for EVFM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVFM is down. |
| ChartMill Relative Strength | 1.14 | NEGATIVE | EVFM has a low relative strength, it was outperformed by 98.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVFM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EVFM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVFM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.97 | NEUTRAL | The RSI value for EVFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EVFM has a negative trend. |
| Stochastics (14,3) | 13.87 | OVERSOLD | The low Stochastics value suggests EVFM may be oversold. |
| Average True Range in percent/ATR (20) | 30.97 | HIGH VOLATILITY | The high ATR as a percentage value for EVFM suggests high volalility. |
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)
0.4782
-0.15 (-23.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-23.37%
1 Week-45.03%
2 Weeks-39.35%
1 Month-58.42%
3 Month-58.05%
6 Month-92.35%
12 Month-95.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%30.97%
ATR Inc61.11%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.14
Mansfield-9.1
10 Day High1.11
10 Day Low0.43
20 Day High1.14
20 Day Low0.43
52 Week High14.61
52 Week Low0.28
CS1 EndN/A
CR1 Start0.75
Volume & EV
DER(3)-3.47%
DER(5)-2.71%
Volume53.99M
Volume Incr20.45%
Vol(5)32.85M
Vol(50)44.13M