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EVOVEST GLOBAL EQUITY ETF (EVO.CA) Stock Technical Analysis

TSX:EVO - Toronto Stock Exchange - CA30053W1023 - ETF - Currency: CAD

25.68  -0.05 (-0.19%)

Technical Rating and Analysis

9

Overall EVO gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EVO is showing a nice and steady performance.

Warning: EVO has an average volume of 12327 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EVO is one of the better performing stocks in the market, outperforming 73% of all stocks.
EVO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month EVO has a been trading in a tight range between 24.86 and 25.99.
Weekly and Daily overview Charts
EVOVEST GLOBAL EQUITY ETF / EVO Weekly stock chart
EVOVEST GLOBAL EQUITY ETF / EVO Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, EVO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 25.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EVO in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

21.55

25.99

3 important support areas can be observed.

  • A support zone ranging from 24.71 to 25.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @23.09 from a horizontal line in the daily time frame.
  • A support zone ranging from 21.77 to 22.43. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 25.69 to 25.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for EVO.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for EVO.CA is up.
ChartMill Relative Strength73POSITIVEEVO.CA has a high relative strength, it outperformed 73% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of EVO.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of EVO.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of EVO.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)60.85NEUTRALThe RSI value for EVO.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests EVO.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)80.41OVERBOUGHTThe high Stochastics value suggests EVO.CA may be overbought.
Average True Range in percent/ATR (20)0.98LOW VOLATILITYThe low ATR as a percentage value for EVO.CA suggests low volalility.
Average Directional Index/ADX (14)46.52POSITIVEThe high ADX value value for EVO.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
25.7424.990.75 (2.91%)25.00%
An entry @25.74. This is a Buy Stop order right above the resistance zone.An exit @24.99. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.75 points, which is 2.91%.For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EVOVEST GLOBAL EQUITY ETF / EVO Daily stock chart

EVOVEST GLOBAL EQUITY ETF

TSX:EVO (7/4/2025, 7:00:00 PM)

25.68

-0.05 (-0.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.19%
1 Week1.3%
2 Weeks3.01%
1 Month2.56%
3 Month18.23%
6 Month14.54%
12 Month25.88%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%0.98%
ATR Inc-76.61%
Range Today0.04
ADR(20)0.21
ADR(20)%0.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73
Mansfield0.42
10 Day High25.8
10 Day Low25
20 Day High25.99
20 Day Low24.86
52 Week High25.99
52 Week Low19.51
CS1 End25.63
CR1 Start25.69
Volume & EV
DER(3)1.17%
DER(5)3.15%
Volume4.55K
Volume Incr-40.25%
Vol(5)9.59K
Vol(50)12.33K