EVOLENT HEALTH INC - A (EVH) Stock Technical Analysis
NYSE:EVH - New York Stock Exchange, Inc. - US30050B1017 - Common Stock - Currency: USD
Overall EVH gets a technical rating of 4 out of 10. In the past year, EVH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
86% of all other stocks performed better in the past year than EVH.
EVH is part of the Health Care Technology industry. There are 36 other stocks in this industry, of which 68% are performing better than EVH.
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.
In the last month EVH has a been trading in the 7.15 - 10.64 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
EVH has an average volume of 2418900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EVH has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.39
10.90
We found 2 important support areas.
- A support zone ranging from 10.58 to 10.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.47 to 8.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.70 to 10.79. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for EVH is up. |
| ChartMill Relative Strength | 14.97 | NEGATIVE | EVH has a low relative strength, it was outperformed by 85.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVH is above the rising 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) | 69.8 | NEUTRAL | The RSI value for EVH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests EVH has a positive trend. |
| Stochastics (14,3) | 93.75 | OVERBOUGHT | The high Stochastics value suggests EVH may be overbought. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for EVH suggests some volalility. |
| Average Directional Index/ADX (14) | 20.11 | 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)
10.62
+0.12 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg1.14%
1 Week29.83%
2 Weeks25.24%
1 Month47.3%
3 Month10.63%
6 Month-4.58%
12 Month-44.46%
2 Year-64.95%
3 Year-65.42%
5 Year49.16%
10 Year-45.54%
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%4.76%
ATR Inc73.36%
Range Today0.4
ADR(20)0.49
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.97
Mansfield-3.64
10 Day High10.65
10 Day Low7.98
20 Day High10.65
20 Day Low7.15
52 Week High33.63
52 Week Low7.06
CS1 End10.61
CR1 Start10.7
Volume & EV
DER(3)0.55%
DER(5)2.1%
Volume3.65M
Volume Incr187.63%
Vol(5)5.33M
Vol(50)2.42M