EVOLENT HEALTH INC - A (EVH) Stock Technical Analysis
NYSE:EVH • US30050B1017
Taking everything into account, EVH scores 0 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, EVH is a bad performer in the overall market: 95% of all stocks are doing better.
- EVH is part of the Health Care Technology industry. There are 35 other stocks in this industry, of which 67% are performing better than EVH.
- EVH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month EVH has a been trading in the 2.56 - 4.06 range, which is quite wide. It is currently trading near the lows of this range.
- EVH has an average volume of 3090800 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
2.76
We found 1 important resistance area.
- A resistance zone ranging from 4.05 to 4.12. 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 | DOWN | NEGATIVE | The long term trend for EVH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVH is down. |
| ChartMill Relative Strength | 5.23 | NEGATIVE | EVH has a low relative strength, it was outperformed by 94.77% 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) | 28.31 | OVERSOLD | The low RSI value suggests EVH may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EVH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.5 | OVERSOLD | The low Stochastics value suggests EVH may be oversold. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for EVH suggests high volalility. |
| Average Directional Index/ADX (14) | 39.77 | POSITIVE | The high ADX value value for EVH suggests a strong trend. |
2.79
+0.15 (+5.68%)
EVOLENT HEALTH INC - A / EVH FAQ
What is the technical rating for EVH stock?
ChartMill assigns a technical rating of 0 / 10 to EVH.
Can you provide the trend direction for EVOLENT HEALTH INC - A?
The current trend direction for EVOLENT HEALTH INC - A (EVH) is Bearish.
Can you provide the RSI signal for EVOLENT HEALTH INC - A?
EVOLENT HEALTH INC - A (EVH) has an RSI value of 28.3065. This indicates that the stock is currently oversold.
What is the short term momentum for EVH stock?
The short term momentum for EVOLENT HEALTH INC - A (EVH) is negative.
What is the support and resistance level for EVH stock?
EVOLENT HEALTH INC - A (EVH) has a resistance level at 4.05. Check the full technical report for our detailed analysis of EVH support and resistance levels.