EVOLVING SYSTEMS INC (EVOL) Technical Analysis
NASDAQ:EVOL • US30049R2094
Current stock price
EVOL Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to EVOL. 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.
- 92% of all other stocks performed better in the past year than EVOL.
- EVOL is part of the Software industry. There are 275 other stocks in this industry, of which 67% are performing better than EVOL.
- EVOL is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so EVOL is lagging the market.
- 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.
EVOL Weekly and Daily overview Charts
EVOL Setup Rating and Analysis
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
EVOL Support and Resistance Analysis
1.07
We can see 3 important resistance 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.
EVOL 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.
| 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. |
EVOL Chart- and CandleStick Pattern Analysis
EVOL Technicals: Chart, Performance Metrics, Trend & Indicators
1.08
-0.09 (-7.69%)
EVOLVING SYSTEMS INC / EVOL TA FAQ
What is the technical rating for EVOL stock?
ChartMill assigns a technical rating of 0 / 10 to EVOL.
What is the current trend direction of EVOLVING SYSTEMS INC (EVOL) stock?
The current trend direction for EVOLVING SYSTEMS INC (EVOL) is Bearish.
What is the RSI signal for EVOLVING SYSTEMS INC (EVOL) stock?
EVOLVING SYSTEMS INC (EVOL) has an RSI value of 17.7968. This indicates that the stock is currently oversold.
What is the MACD signal for EVOL stock?
The MACD indicator for EVOLVING SYSTEMS INC (EVOL) has a value of -0.0809926, indicating a bearish trend.
What are the support and resistance levels for EVOLVING SYSTEMS INC (EVOL) stock?
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.