EVERGREEN CORPORATION - CL A (EVGR) Stock Technical Analysis
USA - NASDAQ:EVGR - KYG3312W1096 - Common Stock
Overall EVGR gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EVGR is only an average performer.
EVGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.91, a Stop Loss order could be placed below this zone.
More info and screens
11.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.74 to 11.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.98 to 12.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 EVGR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVGR is up. |
| ChartMill Relative Strength | 59.52 | NEUTRAL | EVGR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EVGR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVGR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EVGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.34 | NEUTRAL | The RSI value for EVGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EVGR has a negative trend. |
| Stochastics (14,3) | 44.76 | NEUTRAL | The Stochastics value for EVGR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for EVGR suggests low volalility. |
| Average Directional Index/ADX (14) | 18.39 | NEGATIVE | The low ADX value for EVGR suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.13 | 11.85 | 0.28 (2.31%) | 25.00% |
| An entry @12.13. This is a Buy Stop order right above the resistance zone. | An exit @11.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.28 points, which is 2.31%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NASDAQ:EVGR (2/12/2025, 8:09:02 PM)
11.95
-0.14 (-1.16%)
EVERGREEN CORPORATION - CL A / EVGR FAQ
Can you provide the ChartMill technical rating for EVERGREEN CORPORATION - CL A?
ChartMill assigns a technical rating of 7 / 10 to EVGR.
Can you provide the trend direction for EVERGREEN CORPORATION - CL A?
The current trend direction for EVERGREEN CORPORATION - CL A (EVGR) is Bullish.
What is the RSI signal for EVGR stock?
EVERGREEN CORPORATION - CL A (EVGR) has an RSI value of 49.3356. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for EVERGREEN CORPORATION - CL A?
The buy/sell signal for EVERGREEN CORPORATION - CL A (EVGR) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for EVERGREEN CORPORATION - CL A (EVGR) stock?
EVERGREEN CORPORATION - CL A (EVGR) has a support level at 11.91 and a resistance level at 11.98. Check the full technical report for our detailed analysis of EVGR support and resistance levels.