EVOLENT HEALTH INC - A (EVH) Stock Technical Analysis
NYSE:EVH - New York Stock Exchange, Inc. - US30050B1017 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to EVH. 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: 92% of all stocks are doing better.
EVH is one of the lesser performing stocks in the Health Care Technology industry. 64% 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. 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 8.26 - 10.29 range, which is quite wide. It is currently trading near the lows of this range.
EVH has an average volume of 3161550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, EVH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.76, a Stop Loss order could be placed below this zone.
More info and screens
8.67
11.70
We found 1 important support area.
- A support zone ranging from 8.76 to 8.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 8.91 to 8.99. 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 9.31 to 9.36. 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 9.97 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.45 to 11.58. 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 | DOWN | NEGATIVE | The short term trend for EVH is down. |
| ChartMill Relative Strength | 8.62 | NEGATIVE | EVH has a low relative strength, it was outperformed by 91.38% 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) | 39.91 | NEUTRAL | The RSI value for EVH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EVH has a negative trend. |
| Stochastics (14,3) | 33.67 | NEUTRAL | The Stochastics value for EVH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for EVH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.82 | NEGATIVE | The low ADX value for EVH suggests a weak or negative 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)
8.77
-0.19 (-2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-2.12%
1 Week-0.57%
2 Weeks-9.49%
1 Month-6.2%
3 Month21.64%
6 Month-15.92%
12 Month-73.4%
2 Year-65.62%
3 Year-76.14%
5 Year-38.8%
10 Year-48.41%
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%6.55%
ATR Inc-40.78%
Range Today0.38
ADR(20)0.54
ADR(20)%6.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.62
Mansfield-4.05
10 Day High9.81
10 Day Low8.26
20 Day High10.3
20 Day Low8.26
52 Week High33.63
52 Week Low7.06
CS1 End8.76
CR1 Start8.91
Volume & EV
DER(3)-0.75%
DER(5)-0.58%
Volume3.50M
Volume Incr54.54%
Vol(5)4.58M
Vol(50)3.16M