EVGO INC (EVGO) Technical Analysis
NASDAQ:EVGO • US30052F1003
Current stock price
EVGO Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to EVGO. EVGO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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.
- When comparing the yearly performance of all stocks, EVGO is a bad performer in the overall market: 89% of all stocks are doing better.
- EVGO is one of the lesser performing stocks in the Specialty Retail industry. 72% of 123 stocks in the same industry do better.
- EVGO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month EVGO has a been trading in the 1.71 - 2.30 range, which is quite wide. It is currently trading near the high of this range.
- EVGO has an average volume of 4362190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EVGO Weekly and Daily overview Charts
EVGO Setup Rating and Analysis
Although the technical rating is bad, EVGO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for EVGO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
EVGO Support and Resistance Analysis
2.05
2 important support areas can be observed.
- A support zone ranging from 2.15 to 2.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.07 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- Resistance @2.17 from a trend line in the daily time frame.
- A resistance zone ranging from 2.28 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.64 from a trend line in the weekly time frame.
- Resistance @3.08 from a trend line in the daily time frame.
EVGO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for EVGO is neutral. |
| ChartMill Relative Strength | 11.25 | NEGATIVE | EVGO has a low relative strength, it was outperformed by 88.75% 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) | DOWN | MIXED | The current price of EVGO is above 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) | 54.21 | NEUTRAL | The RSI value for EVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EVGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.63 | NEUTRAL | The Stochastics value for EVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.61 | HIGH VOLATILITY | The high ATR as a percentage value for EVGO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.69 | POSITIVE | The high ADX value value for EVGO suggests a strong trend. |
EVGO Chart- and CandleStick Pattern Analysis
EVGO Technicals: Chart, Performance Metrics, Trend & Indicators
2.17
+0.07 (+3.33%)
EVGO INC / EVGO TA FAQ
What is the technical rating for EVGO stock?
ChartMill assigns a technical rating of 1 / 10 to EVGO.
What is the trend direction for EVGO stock?
The current trend direction for EVGO INC (EVGO) is Bearish.
What is the RSI signal for EVGO stock?
EVGO INC (EVGO) has an RSI value of 54.2131. This indicates that the stock is currently neutral.
What is the short term momentum for EVGO INC (EVGO) stock?
The short term momentum for EVGO INC (EVGO) is neutral.
Can you provide the support and resistance levels for EVGO INC?
EVGO INC (EVGO) has a support level at 2.16 and a resistance level at 2.17. Check the full technical report for our detailed analysis of EVGO support and resistance levels.