EVOMMUNE INC (EVMN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EVMN - US30054Y1073 - Common Stock
Taking everything into account, EVMN scores 4 out of 10 in our technical rating. In the last year, EVMN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, EVMN is a bad performer in the overall market: 100% of all stocks are doing better.
- EVMN is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 93% are performing better than EVMN.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month EVMN has a been trading in the 14.77 - 21.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EVMN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.61
3 important support areas can be observed.
- Support @17.75 from a trend line in the daily time frame.
- A support zone ranging from 16.80 to 16.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.77 to 15.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @20.13 from a horizontal line in the weekly time frame.
- Resistance @21.25 from a horizontal 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 | UP | POSITIVE | The long term trend for EVMN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVMN is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | EVMN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVMN is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.33 | NEUTRAL | The RSI value for EVMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EVMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.5 | NEUTRAL | The Stochastics value for EVMN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.98 | HIGH VOLATILITY | The high ATR as a percentage value for EVMN suggests high volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for EVMN suggests a weak or negative trend. |
19.6
+0.02 (+0.1%)
EVOMMUNE INC / EVMN FAQ
Can you provide the ChartMill technical rating for EVOMMUNE INC?
ChartMill assigns a technical rating of 4 / 10 to EVMN.
What is the current trend direction of EVOMMUNE INC (EVMN) stock?
The current trend direction for EVOMMUNE INC (EVMN) is Bullish.
What is the RSI signal for EVMN stock?
EVOMMUNE INC (EVMN) has an RSI value of 54.3307. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for EVOMMUNE INC?
EVOMMUNE INC (EVMN) has a support level at 17.75 and a resistance level at 20.13. Check the full technical report for our detailed analysis of EVMN support and resistance levels.