EVGO INC (EVGO) Stock Technical Analysis
NASDAQ:EVGO - Nasdaq - US30052F1003 - Common Stock - Currency: USD
Overall EVGO gets a technical rating of 3 out of 10. EVGO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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.
EVGO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
EVGO has an average volume of 5079380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, EVGO turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
EVGO is an average performer in the Specialty Retail industry, it outperforms 57% of 122 stocks in the same industry.
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.
More info and screens
2.42
4.36
4 important support areas can be observed.
- Support @3.37 from a trend line in the daily time frame.
- Support @3.30 from a horizontal line in the daily time frame.
- Support @2.64 from a trend line in the weekly time frame.
- Support @2.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.74 to 3.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.95 from a horizontal line in the daily time frame.
- Resistance @4.12 from a trend line in the daily time frame.
- Resistance @4.32 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for EVGO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVGO is down. |
| ChartMill Relative Strength | 48.43 | NEUTRAL | EVGO is not amongst the best or worst performers 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) | UP | MIXED | The current price of EVGO is below the rising 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) | 40.98 | NEUTRAL | The RSI value for EVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EVGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.37 | OVERSOLD | The low Stochastics value suggests EVGO may be oversold. |
| Average True Range in percent/ATR (20) | 7.15 | HIGH VOLATILITY | The high ATR as a percentage value for EVGO suggests high volalility. |
| Average Directional Index/ADX (14) | 18.43 | NEGATIVE | The low ADX value for EVGO suggests a weak or negative 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)
3.45
-0.01 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.29%
1 Week-2.54%
2 Weeks-12.44%
1 Month-19.39%
3 Month27.31%
6 Month-15.02%
12 Month-13.75%
2 Year-21.05%
3 Year-61.54%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%7.15%
ATR Inc-16.35%
Range Today0.18
ADR(20)0.24
ADR(20)%7.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.43
Mansfield-2.45
10 Day High3.99
10 Day Low3.27
20 Day High4.8
20 Day Low3.27
52 Week High9.07
52 Week Low2.19
CS1 End3.37
CR1 Start3.74
Volume & EV
DER(3)-2.05%
DER(5)-2.15%
Volume2.69M
Volume Incr-22.49%
Vol(5)3.74M
Vol(50)5.08M