EVGO INC (EVGO) Stock Technical Analysis
NASDAQ:EVGO - Nasdaq - US30052F1003 - Common Stock - Currency: USD
Overall EVGO gets a technical rating of 9 out of 10. EVGO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
EVGO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EVGO is lagging the market.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, EVGO did better than 97% of all other stocks.
EVGO is one of the better performing stocks in the Specialty Retail industry, it outperforms 96% of 120 stocks in the same industry.
In the last month EVGO has a been trading in the 2.66 - 4.17 range, which is quite wide. It is currently trading near the high of this range.
EVGO has an average volume of 4413500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although EVGO has an excellent technical rating, it does not present a decent entry opportunity 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
2.42
4.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.58 to 3.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.44 from a horizontal line in the daily time frame.
- Support @2.56 from a trend line in the weekly time frame.
- Support @2.44 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.00 to 4.06. 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 | UP | POSITIVE | The long term trend for EVGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVGO is up. |
| ChartMill Relative Strength | 97.19 | POSITIVE | EVGO has a high relative strength, it outperformed 97.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EVGO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.22 | NEUTRAL | The RSI value for EVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EVGO has a positive trend. |
| Stochastics (14,3) | 75.33 | NEUTRAL | The Stochastics value for EVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.89 | HIGH VOLATILITY | The high ATR as a percentage value for EVGO suggests high volalility. |
| Average Directional Index/ADX (14) | 31.4 | POSITIVE | The high ADX value value for EVGO 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)
3.99
+0.03 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.76%
1 Week7.26%
2 Weeks9.62%
1 Month40.99%
3 Month50.57%
6 Month-38.71%
12 Month96.55%
2 Year0.76%
3 Year-58.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%7.89%
ATR Inc-38.77%
Range Today0.21
ADR(20)0.29
ADR(20)%7.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.19
Mansfield-0.5
10 Day High4.15
10 Day Low3.33
20 Day High4.17
20 Day Low2.66
52 Week High9.07
52 Week Low1.92
CS1 End3.63
CR1 Start4
Volume & EV
DER(3)-4.26%
DER(5)-1.51%
Volume6.66M
Volume Incr6.06%
Vol(5)5.29M
Vol(50)4.41M