EVH Technical Analysis - EVOLENT HEALTH INC - A

Technical Rating and Analysis

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: 98% 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 82% 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 7.83 - 10.08 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

EVH has an average volume of 3147820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EVOLENT HEALTH INC - A / EVH Weekly stock chart

EVOLENT HEALTH INC - A / EVH Daily stock chart

Setup Rating and Analysis

EVH has a poor technical rating and the quality of the setup is also not perfect 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.15

11.51

We can see 3 important resistance areas.

A resistance zone ranging from 9.17 to 9.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 9.97 to 10.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 11.36 to 11.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	2.56	NEGATIVE	EVH has a low relative strength, it was outperformed by 97.44% 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)	42.13	NEUTRAL	The RSI value for EVH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	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)	5.73	HIGH VOLATILITY	The high ATR as a percentage value for EVH suggests high volalility.
Average Directional Index/ADX (14)	15.52	NEGATIVE	The low ADX value for EVH suggests a weak or negative trend.