EVERGEN INFRASTRUCTURE CORP (EVGN.CA) Stock Technical Analysis
TSX-V:EVGN - TSX Venture Exchange - CA30008P3016 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to EVGN. EVGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, EVGN is a bad performer in the overall market: 99% of all stocks are doing better.
EVGN is part of the Gas Utilities industry. There are 8 other stocks in this industry, of which 114% are performing better than EVGN.
EVGN 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 EVGN is lagging the market.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: EVGN has an average volume of 15890 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month EVGN has a been trading in the 0.40 - 0.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of EVGN is bad and it also does not present a 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
0.50
0.71
When analyzing the support we notice one important area.
- A support zone ranging from 0.51 to 0.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.58 to 0.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.70 to 0.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EVGN.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVGN.CA is down. |
| ChartMill Relative Strength | 1.62 | NEGATIVE | EVGN.CA has a low relative strength, it was outperformed by 98.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVGN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVGN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVGN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.65 | NEUTRAL | The RSI value for EVGN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EVGN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.24 | NEUTRAL | The Stochastics value for EVGN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.17 | HIGH VOLATILITY | The high ATR as a percentage value for EVGN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.58 | POSITIVE | The high ADX value value for EVGN.CA 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)
TSX-V:EVGN (6/20/2025, 7:00:00 PM)
0.53
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg0%
1 Week-8.62%
2 Weeks-8.62%
1 Month32.5%
3 Month-37.65%
6 Month-60.45%
12 Month-72.11%
2 Year-82.33%
3 Year-82.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%12.17%
ATR Inc-87.16%
Range Today0
ADR(20)0.04
ADR(20)%8.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.62
Mansfield-6.41
10 Day High0.74
10 Day Low0.5
20 Day High0.74
20 Day Low0.4
52 Week High2.71
52 Week Low0.4
CS1 End0.51
CR1 Start0.58
Volume & EV
DER(3)0%
DER(5)0%
Volume3.00K
Volume Incr46%
Vol(5)30.54K
Vol(50)15.89K