EVOLENT HEALTH INC - A (EVH) Stock Technical Analysis
USA - NYSE:EVH - US30050B1017 - Common Stock
Overall EVH gets a technical rating of 0 out of 10. 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 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.
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5.94
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.28 to 7.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.26 to 8.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.70 from a horizontal line in the daily time frame.
- Resistance @10.05 from a horizontal line in the daily time frame.
- Resistance @11.25 from a trend line in the weekly 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 | 4.94 | NEGATIVE | EVH has a low relative strength, it was outperformed by 95.06% 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) | 26.6 | OVERSOLD | The low RSI value suggests EVH may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests EVH has a negative trend. |
| Stochastics (14,3) | 1.98 | OVERSOLD | The low Stochastics value suggests EVH may be oversold. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for EVH suggests high volalility. |
| Average Directional Index/ADX (14) | 28.08 | POSITIVE | The high ADX value value for EVH suggests a strong trend. |
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-0.35 (-5.51%)
EVOLENT HEALTH INC - A / EVH FAQ
What is the technical rating for EVH stock?
ChartMill assigns a technical rating of 0 / 10 to EVH.
What is the trend direction for EVH stock?
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 26.5976. This indicates that the stock is currently oversold.
What is the short term momentum for EVOLENT HEALTH INC - A (EVH) stock?
The short term momentum for EVOLENT HEALTH INC - A (EVH) is negative.
Can you provide the buy/sell signal for EVOLENT HEALTH INC - A?
The buy/sell signal for EVOLENT HEALTH INC - A (EVH) is sell as both the short term and long term trends are negative.