EVOLUTION AB (EVO.ST) Stock Technical Analysis
Europe - STO:EVO - SE0012673267 - Common Stock
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.
The technical rating of EVO is bad and it also does not present a quality setup 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.
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632.40
When analyzing the support we notice one important area.
- A support zone ranging from 638.79 to 638.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- Resistance @685.90 from a trend line in the daily time frame.
- A resistance zone ranging from 730.01 to 730.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 760.93 to 772.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 787.60 to 788.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @821.75 from a trend line in the weekly time frame.
- Resistance @883.60 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 | 5.58 | NEGATIVE | EVO.ST has a low relative strength, it was outperformed by 94.42% 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) | 21.66 | OVERSOLD | The low RSI value suggests EVO.ST may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.34 | NEGATIVE | The MACD value suggests EVO.ST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.51 | OVERSOLD | The low Stochastics value suggests EVO.ST may be oversold. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for EVO.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 50.03 | POSITIVE | The high ADX value value for EVO.ST suggests a strong trend. |
STO:EVO (11/3/2025, 5:30:45 PM)
641.8
+3 (+0.47%)
EVOLUTION AB / EVO.ST FAQ
Can you provide the ChartMill technical rating for EVOLUTION AB?
ChartMill assigns a technical rating of 0 / 10 to EVO.ST.
What is the trend direction for EVO stock?
The current trend direction for EVOLUTION AB (EVO.ST) is Bearish.
What is the RSI signal for EVOLUTION AB (EVO.ST) stock?
EVOLUTION AB (EVO.ST) has an RSI value of 21.6583. This indicates that the stock is currently oversold.
What is the short term momentum for EVOLUTION AB (EVO.ST) stock?
The short term momentum for EVOLUTION AB (EVO.ST) is negative.
What is the support and resistance level for EVO stock?
EVOLUTION AB (EVO.ST) has a support level at 638.79 and a resistance level at 685.9. Check the full technical report for our detailed analysis of EVO.ST support and resistance levels.