EVI INDUSTRIES INC (EVI) Technical Analysis
NYSEARCA:EVI • US26929N1028
Current stock price
EVI Technical Rating and Analysis
Taking everything into account, EVI scores 2 out of 10 in our technical rating. EVI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- In the last month EVI has a been trading in the 18.38 - 21.75 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, EVI outperforms 49% of them, which is more or less in line with the market.
- EVI is an average performer in the Trading Companies & Distributors industry, it outperforms 45% of 47 stocks in the same industry.
- EVI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EVI is lagging the market slightly.
EVI Weekly and Daily overview Charts
EVI Setup Rating and Analysis
Although the technical rating is bad, EVI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 21.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EVI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
EVI Support and Resistance Analysis
16.09
We found 5 important support areas.
- A support zone ranging from 20.21 to 20.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.64 from a trend line in the daily time frame.
- Support @19.04 from a trend line in the weekly time frame.
- A support zone ranging from 18.60 to 18.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.25 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 21.22 to 21.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.06 from a trend line in the daily time frame.
- Resistance @23.09 from a trend line in the weekly time frame.
- Resistance @24.90 from a trend line in the daily time frame.
EVI 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 EVI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVI is neutral. |
| ChartMill Relative Strength | 49.03 | NEUTRAL | EVI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EVI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.04 | NEUTRAL | The RSI value for EVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests EVI has a positive trend. |
| Stochastics (14,3) | 77.73 | NEUTRAL | The Stochastics value for EVI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for EVI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.3 | NEGATIVE | The low ADX value for EVI suggests a weak or negative trend. |
EVI Chart- and CandleStick Pattern Analysis
EVI Technicals: Chart, Performance Metrics, Trend & Indicators
21.21
-0.19 (-0.89%)
EVI INDUSTRIES INC / EVI TA FAQ
What is the ChartMill technical rating of EVI INDUSTRIES INC (EVI) stock?
ChartMill assigns a technical rating of 2 / 10 to EVI.
What is the current trend direction of EVI INDUSTRIES INC (EVI) stock?
The current trend direction for EVI INDUSTRIES INC (EVI) is Bearish.
What is the RSI signal for EVI INDUSTRIES INC (EVI) stock?
EVI INDUSTRIES INC (EVI) has an RSI value of 54.0356. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EVI INDUSTRIES INC?
The MACD indicator for EVI INDUSTRIES INC (EVI) has a value of 0.209883, indicating a bearish trend.
What are the support and resistance levels for EVI INDUSTRIES INC (EVI) stock?
EVI INDUSTRIES INC (EVI) has a support level at 20.76 and a resistance level at 21.22. Check the full technical report for our detailed analysis of EVI support and resistance levels.