EVOLV TECHNOLOGIES HOLDINGS (EVLV) 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- EVLV has an average volume of 3024950 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 79% of all other stocks. However, EVLV's most recent performance is quite weak.
- EVLV is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, EVLV did better than 57% of them.
- EVLV 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 EVLV is lagging the market slightly.
- In the last month EVLV has a been trading in the 4.87 - 5.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
EVLV has a poor technical rating and the quality of the setup is also not perfect 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
4.97
We found 1 important support 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.28 to 5.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.76 to 5.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.45 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 | NEUTRAL | NEUTRAL | The short term trend for EVLV is neutral. |
| ChartMill Relative Strength | 79.43 | POSITIVE | EVLV has a high relative strength, it outperformed 79.43% 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) | DOWN | NEGATIVE | The current price of EVLV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.33 | NEUTRAL | The RSI value for EVLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EVLV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.55 | NEUTRAL | The Stochastics value for EVLV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for EVLV suggests high volalility. |
| Average Directional Index/ADX (14) | 23.78 | NEUTRAL | The ADX value for EVLV suggests a possible start of a new trend. |
EVLV Technicals: Chart, Performance Metrics, Trend & Indicators
5.07
-0.68 (-11.83%)
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 41.3253. 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 neutral.
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 5.28. Check the full technical report for our detailed analysis of EVLV support and resistance levels.