EVGO INC (EVGO) Stock Technical Analysis
USA - NASDAQ:EVGO - US30052F1003 - Common Stock
Taking everything into account, EVGO scores 0 out of 10 in our technical rating. EVGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
EVGO has a poor technical rating and the quality of the setup is also not perfect 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
2.87
2 important resistance areas can be observed.
- A resistance zone ranging from 2.91 to 2.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.43 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 EVGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVGO is down. |
| ChartMill Relative Strength | 7.3 | NEGATIVE | EVGO has a low relative strength, it was outperformed by 92.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.33 | OVERSOLD | The low RSI value suggests EVGO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EVGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.63 | OVERSOLD | The low Stochastics value suggests EVGO may be oversold. |
| Average True Range in percent/ATR (20) | 7.91 | HIGH VOLATILITY | The high ATR as a percentage value for EVGO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.45 | POSITIVE | The high ADX value value for EVGO suggests a strong trend. |
2.9
-0.03 (-1.02%)
EVGO INC / EVGO FAQ
What is the technical rating for EVGO stock?
ChartMill assigns a technical rating of 0 / 10 to EVGO.
Can you provide the trend direction for EVGO INC?
The current trend direction for EVGO INC (EVGO) is Bearish.
Can you provide the RSI signal for EVGO INC?
EVGO INC (EVGO) has an RSI value of 25.332. This indicates that the stock is currently oversold.
Can you provide the short term momentum for EVGO INC?
The short term momentum for EVGO INC (EVGO) is negative.
Can you provide the support and resistance levels for EVGO INC?
EVGO INC (EVGO) has a support level at 2.92 and a resistance level at 4.43. Check the full technical report for our detailed analysis of EVGO support and resistance levels.