ENVISION HEALTHCARE CORP (EVHC) Stock Technical Analysis
NYSE:EVHC - New York Stock Exchange, Inc. -
We assign a technical rating of 8 out of 10 to EVHC. 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.
EVHC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
43.44
We found 2 important support areas.
- 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.
We can see 2 important resistance 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.
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. |
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%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
45.99
+0.01 (+0.02%)