EVOLV TECHNOLOGIES HOLDINGS (EVLV) Stock Technical Analysis
NASDAQ:EVLV • US30049H1023
Taking everything into account, EVLV scores 2 out of 10 in our technical rating. Although EVLV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month EVLV has a been trading in the 4.87 - 6.38 range, which is quite wide. It is currently trading near the lows of this range.
- EVLV has an average volume of 2763760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that EVLV is one of the better performing stocks in the market, outperforming 74% of all stocks. However, EVLV's most recent performance is quite weak.
- EVLV is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 53% of 124 stocks in the same industry.
- EVLV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EVLV is lagging the market.
EVLV has a poor technical rating and the quality of the setup is also only medium 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.
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4.97
When analyzing the support we notice one important area.
- A support zone ranging from 5.02 to 5.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.31 to 5.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.86 from a horizontal line in the daily time frame.
- Resistance @6.62 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for EVLV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVLV is down. |
| ChartMill Relative Strength | 74.76 | POSITIVE | EVLV has a high relative strength, it outperformed 74.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVLV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVLV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EVLV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.19 | NEUTRAL | The RSI value for EVLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EVLV has a positive trend. |
| Stochastics (14,3) | 45.16 | NEUTRAL | The Stochastics value for EVLV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for EVLV suggests high volalility. |
| Average Directional Index/ADX (14) | 26.98 | POSITIVE | The high ADX value value for EVLV suggests a strong trend. |
5.3
-0.06 (-1.12%)
EVOLV TECHNOLOGIES HOLDINGS / EVLV FAQ
Can you provide the ChartMill technical rating for EVOLV TECHNOLOGIES HOLDINGS?
ChartMill assigns a technical rating of 2 / 10 to EVLV.
What is the trend direction for EVLV stock?
The current trend direction for EVOLV TECHNOLOGIES HOLDINGS (EVLV) is Bearish.
What is the RSI signal for EVOLV TECHNOLOGIES HOLDINGS (EVLV) stock?
EVOLV TECHNOLOGIES HOLDINGS (EVLV) has an RSI value of 40.1856. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EVOLV TECHNOLOGIES HOLDINGS?
The short term momentum for EVOLV TECHNOLOGIES HOLDINGS (EVLV) is negative.
What are the support and resistance levels for EVOLV TECHNOLOGIES HOLDINGS (EVLV) stock?
EVOLV TECHNOLOGIES HOLDINGS (EVLV) has a support level at 5.05 and a resistance level at 5.31. Check the full technical report for our detailed analysis of EVLV support and resistance levels.