EVOLUTION AB (EVO.ST) Stock Technical Analysis
STO:EVO - Nasdaq Stockholm AB - SE0012673267 - Common Stock - Currency: SEK
Overall EVO gets a technical rating of 0 out of 10. EVO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
94% of all other stocks performed better in the past year than EVO.
EVO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EVO is lagging the market.
In the last month EVO has a been trading in the 639.60 - 721.20 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EVO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 642.39, a Stop Loss order could be placed below this zone.
More info and screens
635.97
857.89
We found 1 important support area.
- A support zone ranging from 642.39 to 642.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 651.81 to 670.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @795.31 from a trend line in the daily time frame.
- Resistance @821.97 from a trend line in the daily time frame.
- Resistance @849.40 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 | DOWN | NEGATIVE | The long term trend for EVO.ST is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVO.ST is down. |
| ChartMill Relative Strength | 6.47 | NEGATIVE | EVO.ST has a low relative strength, it was outperformed by 93.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVO.ST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVO.ST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVO.ST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.99 | NEUTRAL | The RSI value for EVO.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.54 | POSITIVE | The MACD value suggests EVO.ST has a positive trend. |
| Stochastics (14,3) | 35.54 | NEUTRAL | The Stochastics value for EVO.ST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for EVO.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 42.73 | POSITIVE | The high ADX value value for EVO.ST suggests a strong trend. |
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)
STO:EVO (5/28/2025, 12:54:57 PM)
651.8
-6 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.91%
1 Week-1.23%
2 Weeks-2.83%
1 Month-22.13%
3 Month-20.8%
6 Month-31.53%
12 Month-42.27%
2 Year-54.23%
3 Year-36.71%
5 Year18.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.39
ATR(20)%3.23%
ATR Inc-19.51%
Range Today9.8
ADR(20)14.62
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.47
Mansfield-3.12
10 Day High675.8
10 Day Low639.6
20 Day High721.2
20 Day Low639.6
52 Week High1173
52 Week Low639.6
CS1 End642.39
CR1 Start651.81
Volume & EV
DER(3)0%
DER(5)0.18%
Volume116.40K
Volume Incr-46.46%
Vol(5)216.01K
Vol(50)348.69K