EVOLVING SYSTEMS INC (EVOL) Stock Technical Analysis
USA - NASDAQ:EVOL - US30049R2094 - Common Stock
Overall EVOL gets a technical rating of 0 out of 10. EVOL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of EVOL 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.
More info and screens
1.07
When analyzing the resistance we notice 3 important areas.
- Resistance @1.89 from a trend line in the daily time frame.
- Resistance @1.97 from a horizontal line in the daily time frame.
- Resistance @2.33 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 EVOL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVOL is down. |
| ChartMill Relative Strength | 8.62 | NEGATIVE | EVOL has a low relative strength, it was outperformed by 91.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVOL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVOL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVOL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 17.8 | OVERSOLD | The low RSI value suggests EVOL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EVOL has a negative trend. |
| Stochastics (14,3) | 0.99 | OVERSOLD | The low Stochastics value suggests EVOL may be oversold. |
| Average True Range in percent/ATR (20) | 10.8 | HIGH VOLATILITY | The high ATR as a percentage value for EVOL suggests high volalility. |
1.08
-0.09 (-7.69%)
EVOLVING SYSTEMS INC / EVOL FAQ
What is the technical rating for EVOL stock?
ChartMill assigns a technical rating of 0 / 10 to EVOL.
What is the trend direction for EVOL stock?
The current trend direction for EVOLVING SYSTEMS INC (EVOL) is Bearish.
What is the RSI signal for EVOL stock?
EVOLVING SYSTEMS INC (EVOL) has an RSI value of 17.7968. This indicates that the stock is currently oversold.
What is the buy/sell signal for EVOL stock?
The buy/sell signal for EVOLVING SYSTEMS INC (EVOL) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for EVOLVING SYSTEMS INC?
EVOLVING SYSTEMS INC (EVOL) has a resistance level at 1.89. Check the full technical report for our detailed analysis of EVOL support and resistance levels.