EVOLENT HEALTH INC - A (EVH) Technical Analysis
NYSE:EVH • US30050B1017
Overall EVH gets a technical rating of 1 out of 10. 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.
- 95% 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. 70% of 35 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.
- EVH has an average volume of 3198810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month EVH has a been trading in the 2.50 - 3.69 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. 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
2.98
We found 1 important support area.
- A support zone ranging from 3.01 to 3.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.26 to 3.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.46 from a trend line in the daily time frame.
- Resistance @3.98 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 | 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 | 5.74 | NEGATIVE | EVH has a low relative strength, it was outperformed by 94.26% 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) | 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) | 44.68 | NEUTRAL | The RSI value for EVH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EVH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.47 | NEUTRAL | The Stochastics value for EVH is a neutral value. |
| 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) | 24.55 | NEUTRAL | The ADX value for EVH suggests a possible start of a new trend. |
EVH Technicals: Chart, Performance Metrics, Trend & Indicators
3.06
+0.04 (+1.32%)
EVOLENT HEALTH INC - A / EVH FAQ
What is the technical rating for EVH stock?
ChartMill assigns a technical rating of 1 / 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 44.6793. This indicates that the stock is currently neutral.
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 support level at 3.01 and a resistance level at 3.26. Check the full technical report for our detailed analysis of EVH support and resistance levels.