We assign a technical rating of 0 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.
EVGO has a poor technical rating and the quality of the setup is also only medium 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.
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2.84
When analyzing the support we notice one important area.
- A support zone ranging from 2.87 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.03 to 3.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.15 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.96 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 | 9.73 | NEGATIVE | EVGO has a low relative strength, it was outperformed by 90.27% 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) | UP | MIXED | The current price of EVGO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.25 | NEUTRAL | The RSI value for EVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EVGO has a negative trend. |
| Stochastics (14,3) | 3.75 | OVERSOLD | The low Stochastics value suggests EVGO may be oversold. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for EVGO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.46 | NEGATIVE | The low ADX value for EVGO suggests a weak or negative trend. |
2.91
0 (0%)
EVGO INC / EVGO FAQ
What is the technical rating for EVGO stock?
ChartMill assigns a technical rating of 0 / 10 to EVGO.
What is the current trend direction of EVGO INC (EVGO) stock?
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 36.2496. This indicates that the stock is currently neutral.
What is the MACD signal for EVGO stock?
The MACD indicator for EVGO INC (EVGO) has a value of -0.0103696, indicating a bearish trend.
What is the support and resistance level for EVGO stock?
EVGO INC (EVGO) has a support level at 2.9 and a resistance level at 3.03. Check the full technical report for our detailed analysis of EVGO support and resistance levels.