Taking everything into account, EVGO scores 8 out of 10 in our technical rating. Although EVGO has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
EVGO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that EVGO is one of the better performing stocks in the market, outperforming 97% of all stocks.
EVGO is one of the better performing stocks in the Specialty Retail industry, it outperforms 95% of 121 stocks in the same industry.
In the last month EVGO has a been trading in the 2.30 - 4.17 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
EVGO has an average volume of 4050210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.