EVOLVING SYSTEMS INC (EVOL) Stock Technical Analysis
NASDAQ:EVOL - Nasdaq - US30049R2094 - Common Stock
Taking everything into account, EVOL scores 0 out of 10 in our technical rating. EVOL 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.
When comparing the yearly performance of all stocks, EVOL is a bad performer in the overall market: 92% of all stocks are doing better.
EVOL is part of the Software industry. There are 282 other stocks in this industry, of which 81% are performing better than EVOL.
EVOL is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month EVOL has a been trading in the 1.05 - 2.06 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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
2.35
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. |
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)
1.08
-0.09 (-7.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-7.69%
1 Week-25.52%
2 Weeks-44.62%
1 Month-43.16%
3 Month-43.16%
6 Month-60.29%
12 Month-56.45%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%10.8%
ATR Inc-9.54%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.62
Mansfield-4.7
10 Day High1.99
10 Day Low1.05
20 Day High2.06
20 Day Low1.05
52 Week High3.16
52 Week Low1.05
CS1 EndN/A
CR1 Start1.89
Volume & EV
DER(3)-14.22%
DER(5)-15.24%
Volume271.70K
Volume Incr377.99%
Vol(5)277.14K
Vol(50)79.41K