EVOLV TECHNOLOGIES HOLDINGS (EVLV) Stock Technical Analysis
NASDAQ:EVLV - Nasdaq - US30049H1023 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to EVLV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EVLV is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EVLV did better than 97% of all other stocks. We also observe that the gains produced by EVLV over the past year are nicely spread over this period.
EVLV is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 95% of 125 stocks in the same industry.
EVLV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EVLV is performing more or less in line with the market.
EVLV has an average volume of 3187230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month EVLV has a been trading in the 4.95 - 6.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although EVLV has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
3.06
5.78
We found 4 important support areas.
- Support @5.20 from a trend line in the daily time frame.
- A support zone ranging from 5.04 to 5.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.19 from a trend line in the daily time frame.
- Support @3.09 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.63 to 5.72. This zone is formed by a combination of multiple trend lines 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 EVLV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVLV is up. |
| ChartMill Relative Strength | 97.99 | POSITIVE | EVLV has a high relative strength, it outperformed 97.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EVLV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVLV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EVLV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.06 | NEUTRAL | The RSI value for EVLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EVLV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.11 | NEUTRAL | The Stochastics value for EVLV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for EVLV suggests high volalility. |
| Average Directional Index/ADX (14) | 31.73 | POSITIVE | The high ADX value value for EVLV suggests a strong 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)
5.53
+0.3 (+5.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg5.74%
1 Week0.18%
2 Weeks3.75%
1 Month-0.18%
3 Month80.13%
6 Month45.91%
12 Month146.88%
2 Year-7.83%
3 Year107.9%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%5.35%
ATR Inc28.49%
Range Today0.38
ADR(20)0.28
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.99
Mansfield4.25
10 Day High5.72
10 Day Low4.95
20 Day High6.16
20 Day Low4.95
52 Week High6.16
52 Week Low2.04
CS1 End5.2
CR1 Start5.63
Volume & EV
DER(3)-0.7%
DER(5)0.6%
Volume2.72M
Volume Incr-54.69%
Vol(5)2.14M
Vol(50)3.19M