EVGO INC (EVGO) Stock Technical Analysis
NASDAQ:EVGO - US30052F1003 - Common Stock
4.03 USD
+0.05 (+1.26%)
4.03 USD
0 (0%)
Overall EVGO gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EVGO is a bad performer.
When comparing the yearly performance of all stocks, EVGO is a bad performer in the overall market: 78% of all stocks are doing 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.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month EVGO has a been trading in the 3.21 - 4.33 range, which is quite wide. It is currently trading near the high of this range.
EVGO has an average volume of 4583900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EVGO is an average performer in the Specialty Retail industry, it outperforms 41% of 123 stocks in the same industry.
Although the technical rating is only medium, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.71
4.50
4 important support areas can be observed.
- A support zone ranging from 3.71 to 3.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.45 to 3.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.31 from a horizontal line in the daily time frame.
- Support @2.74 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @4.09 from a trend line in the daily time frame.
- Resistance @4.30 from a horizontal line in the weekly time frame.
- Resistance @4.46 from a horizontal line in the daily 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 | 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 | 22.05 | NEGATIVE | EVGO has a low relative strength, it was outperformed by 77.95% 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 | MIXED | The current price of EVGO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.63 | NEUTRAL | The RSI value for EVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EVGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.23 | NEUTRAL | The Stochastics value for EVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.33 | HIGH VOLATILITY | The high ATR as a percentage value for EVGO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.12 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.10 | 3.70 | 0.40 (9.76%) | 10.25% |
| An entry @4.10. This is a Buy Stop order right above the resistance zone. | An exit @3.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.40 points, which is 9.76%. | When investing 10.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.03
+0.05 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg1.26%
1 Week2.03%
2 Weeks2.28%
1 Month16.81%
3 Month2.03%
6 Month52.08%
12 Month-11.04%
2 Year0.25%
3 Year-57.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%6.33%
ATR Inc-46.01%
Range Today0.17
ADR(20)0.25
ADR(20)%6.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.05
Mansfield-1.29
10 Day High4.34
10 Day Low3.68
20 Day High4.34
20 Day Low3.21
52 Week High9.07
52 Week Low2.19
CS1 End3.76
CR1 Start4.09
Volume & EV
DER(3)0.48%
DER(5)1.22%
Volume3.16M
Volume Incr-32.52%
Vol(5)3.30M
Vol(50)4.58M