EVOLENT HEALTH INC - A (EVH) Stock Technical Analysis
NYSE:EVH - New York Stock Exchange, Inc. - US30050B1017 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to EVH. EVH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, EVH is a bad performer in the overall market: 93% of all stocks are doing better.
EVH is one of the lesser performing stocks in the Health Care Technology industry. 68% of 36 stocks in the same industry do better.
EVH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EVH is lagging the market.
In the last month EVH has a been trading in the 7.06 - 11.55 range, which is quite wide. It is currently trading near the lows of this range.
EVH has an average volume of 2291070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of EVH 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
8.03
10.69
4 important resistance areas can be observed.
- A resistance zone ranging from 8.46 to 8.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.75 from a trend line in the daily time frame.
- Resistance @10.11 from a trend line in the weekly time frame.
- Resistance @10.58 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for EVH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVH is neutral. |
| ChartMill Relative Strength | 7.39 | NEGATIVE | EVH has a low relative strength, it was outperformed by 92.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVH is below 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) | 45.14 | NEUTRAL | The RSI value for EVH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EVH has a positive trend. |
| Stochastics (14,3) | 46.02 | NEUTRAL | The Stochastics value for EVH is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for EVH suggests high volalility. |
| Average Directional Index/ADX (14) | 23.21 | NEUTRAL | The ADX value for EVH suggests a possible start of a new 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)
8.11
-0.44 (-5.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-5.15%
1 Week6.15%
2 Weeks-7.53%
1 Month-21.64%
3 Month-9.79%
6 Month-27.26%
12 Month-65.46%
2 Year-73.23%
3 Year-73.59%
5 Year13.9%
10 Year-58.41%
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%7%
ATR Inc94.38%
Range Today0.58
ADR(20)0.56
ADR(20)%6.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.39
Mansfield-5.28
10 Day High8.75
10 Day Low7.06
20 Day High11.56
20 Day Low7.06
52 Week High33.63
52 Week Low7.06
CS1 EndN/A
CR1 Start8.46
Volume & EV
DER(3)4.15%
DER(5)2%
Volume1.92M
Volume Incr-18.12%
Vol(5)1.86M
Vol(50)2.29M