EVOGENE LTD (EVGN) Stock Technical Analysis
NASDAQ:EVGN - Nasdaq - IL0011050551 - Common Stock - Currency: USD
Taking everything into account, EVGN scores 1 out of 10 in our technical rating. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
95% of all other stocks performed better in the past year than EVGN.
EVGN is part of the Biotechnology industry. There are 561 other stocks in this industry, of which 68% 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.
In the last month EVGN has a been trading in the 1.08 - 1.43 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
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
1.12
1.67
When analyzing the support we notice one important area.
- Support @1.13 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.31 to 1.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.35 from a horizontal line in the daily time frame.
- Resistance @1.50 from a trend line in the weekly time frame.
- Resistance @1.65 from a trend 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 | DOWN | NEGATIVE | The long term trend for EVGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVGN is neutral. |
| ChartMill Relative Strength | 5.49 | NEGATIVE | EVGN has a low relative strength, it was outperformed by 94.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.87 | NEUTRAL | The RSI value for EVGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EVGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.15 | NEUTRAL | The Stochastics value for EVGN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.79 | HIGH VOLATILITY | The high ATR as a percentage value for EVGN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.64 | NEUTRAL | The ADX value for EVGN suggests a possible start of a new 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)
1.1854
+0 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.03%
1 Week-3.63%
2 Weeks4.9%
1 Month6.79%
3 Month-16.34%
6 Month-26.83%
12 Month-85.54%
2 Year-80.25%
3 Year-87.49%
5 Year-88.49%
10 Year-98.79%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.79%
ATR Inc2.26%
Range Today0.03
ADR(20)0.08
ADR(20)%6.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.49
Mansfield-5.87
10 Day High1.43
10 Day Low1.12
20 Day High1.43
20 Day Low1.08
52 Week High7.91
52 Week Low0.95
CS1 End1.13
CR1 Start1.31
Volume & EV
DER(3)-6.69%
DER(5)1.97%
Volume16.60K
Volume Incr-93.45%
Vol(5)73.08K
Vol(50)464.32K