EVOLENT HEALTH INC - A (EVH) Stock Technical Analysis
NYSE:EVH - New York Stock Exchange, Inc. - US30050B1017 - Common Stock - Currency: USD
Taking everything into account, EVH scores 3 out of 10 in our technical rating. EVH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
92% of all other stocks performed better in the past year than EVH.
EVH is one of the lesser performing stocks in the Health Care Technology industry. 60% of 36 stocks in the same industry do better.
EVH 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.
EVH has an average volume of 2721980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month EVH has a been trading in the 8.81 - 12.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of EVH is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.42
11.81
When analyzing the support we notice one important area.
- A support zone ranging from 9.52 to 9.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.54 to 9.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.69 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 EVH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVH is neutral. |
| ChartMill Relative Strength | 8.5 | NEGATIVE | EVH has a low relative strength, it was outperformed by 91.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EVH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EVH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.03 | NEUTRAL | The RSI value for EVH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests EVH has a negative trend. |
| Stochastics (14,3) | 39.26 | NEUTRAL | The Stochastics value for EVH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for EVH suggests high volalility. |
| Average Directional Index/ADX (14) | 33.16 | POSITIVE | The high ADX value value for EVH suggests a strong 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)
9.53
-1.74 (-15.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-15.44%
1 Week-14.76%
2 Weeks-19.17%
1 Month10.17%
3 Month6.36%
6 Month-4.7%
12 Month-51.6%
2 Year-68.64%
3 Year-71.96%
5 Year-18.2%
10 Year-55.32%
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%6.5%
ATR Inc180.52%
Range Today2.06
ADR(20)0.61
ADR(20)%6.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.5
Mansfield-4.26
10 Day High12.07
10 Day Low9.22
20 Day High12.07
20 Day Low8.81
52 Week High33.63
52 Week Low7.06
CS1 End9.52
CR1 Start9.54
Volume & EV
DER(3)-1.95%
DER(5)0.7%
Volume5.94M
Volume Incr-27.23%
Vol(5)2.48M
Vol(50)2.72M