EVLV Technical Analysis - EVOLV TECHNOLOGIES HOLDINGS

Technical Rating and Analysis

Overall EVLV gets a technical rating of 7 out of 10. In the last year, EVLV was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month EVLV has a been trading in the 7.73 - 8.81 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

EVLV is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 77% of 124 stocks in the same industry.

EVLV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EVLV is lagging the market slightly.

EVLV has an average volume of 3735070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, EVLV did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

EVOLV TECHNOLOGIES HOLDINGS / EVLV Weekly stock chart

EVOLV TECHNOLOGIES HOLDINGS / EVLV Daily stock chart

Setup Rating and Analysis

EVLV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.96, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

6.99

8.86

2 important support areas can be observed.

A support zone ranging from 7.40 to 7.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.06 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 7.96 to 7.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 8.77 to 8.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 EVLV is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for EVLV is neutral.
ChartMill Relative Strength	93.05	POSITIVE	EVLV has a high relative strength, it outperformed 93.05% 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)	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)	48.59	NEUTRAL	The RSI value for EVLV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests EVLV has a negative trend.
Stochastics (14,3)	49.57	NEUTRAL	The Stochastics value for EVLV is a neutral value.
Average True Range in percent/ATR (20)	5.41	HIGH VOLATILITY	The high ATR as a percentage value for EVLV suggests high volalility.
Average Directional Index/ADX (14)	31.44	POSITIVE	The high ADX value value for EVLV suggests a strong trend.