ENVISION HEALTHCARE CORP (EVHC) Technical Analysis
NYSE:EVHC
Current stock price
EVHC Technical Rating and Analysis
Overall EVHC gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EVHC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by EVHC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so EVHC is leading the market.
- EVHC has an average volume of 2234150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, EVHC did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month EVHC has a been trading in a tight range between 45.00 and 46.00.
- Volume is considerably higher in the last couple of days.
EVHC Weekly and Daily overview Charts
EVHC Setup Rating and Analysis
Besides having an excellent technical rating, EVHC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 46.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
EVHC Support and Resistance Analysis
43.44
2 important support areas can be observed.
- A support zone ranging from 45.12 to 45.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.88 to 44.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 46.00 to 46.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @70.82 from a trend line in the weekly time frame.
EVHC 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 | UP | POSITIVE | The long term trend for EVHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVHC is up. |
| ChartMill Relative Strength | 83.52 | POSITIVE | EVHC has a high relative strength, it outperformed 83.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EVHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.92 | OVERBOUGHT | The high RSI value suggests EVHC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EVHC has a negative trend. |
| Stochastics (14,3) | 97.67 | OVERBOUGHT | The high Stochastics value suggests EVHC may be overbought. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for EVHC suggests low volalility. |
EVHC Chart- and CandleStick Pattern Analysis
EVHC Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.05 | 45.61 | 0.44 (0.96%) | 25.00% |
| An entry @46.05. This is a Buy Stop order right above the resistance zone. | An exit @45.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.44 points, which is 0.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EVHC Technicals: Chart, Performance Metrics, Trend & Indicators
45.99
+0.01 (+0.02%)
ENVISION HEALTHCARE CORP / EVHC TA FAQ
What is the technical rating for EVHC stock?
ChartMill assigns a technical rating of 7 / 10 to EVHC.
Can you provide the trend direction for ENVISION HEALTHCARE CORP?
The current trend direction for ENVISION HEALTHCARE CORP (EVHC) is Bullish.
What is the RSI signal for EVHC stock?
ENVISION HEALTHCARE CORP (EVHC) has an RSI value of 72.9214. This indicates that the stock is currently overbought.
What is the buy/sell signal for ENVISION HEALTHCARE CORP (EVHC) stock?
The buy/sell signal for ENVISION HEALTHCARE CORP (EVHC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for EVHC stock?
ENVISION HEALTHCARE CORP (EVHC) has a support level at 45.9 and a resistance level at 46. Check the full technical report for our detailed analysis of EVHC support and resistance levels.