We assign a technical rating of 0 out of 10 to EVGO. 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.
The technical rating of EVGO is bad and it also does not present a quality setup 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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2.80
We found 4 important support areas.
- A support zone ranging from 3.34 to 3.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.96 from a trend line in the weekly time frame.
- Support @2.91 from a horizontal line in the weekly time frame.
- Support @2.83 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.48 from a horizontal line in the daily time frame.
- Resistance @4.20 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 | NEUTRAL | NEUTRAL | The short term trend for EVGO is neutral. |
| ChartMill Relative Strength | 9.64 | NEGATIVE | EVGO has a low relative strength, it was outperformed by 90.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EVGO is above 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) | 50.45 | NEUTRAL | The RSI value for EVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EVGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.43 | NEUTRAL | The Stochastics value for EVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for EVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for EVGO suggests a possible start of a new trend. |
3.38
+0.03 (+0.9%)
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 50.449. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EVGO INC?
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 3.37 and a resistance level at 3.48. Check the full technical report for our detailed analysis of EVGO support and resistance levels.