EVERGY INC (EVRG) Technical Analysis
NASDAQ:EVRG • US30034W1062
Current stock price
EVRG Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to EVRG. In the last year, EVRG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- EVRG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EVRG is lagging the market slightly.
- EVRG has an average volume of 2048800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, EVRG turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- EVRG is part of the Electric Utilities industry. There are 47 other stocks in this industry, EVRG did better than 63% of them.
- In the last month EVRG has a been trading in the 78.15 - 85.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EVRG Weekly and Daily overview Charts
EVRG Setup Rating and Analysis
EVRG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 81.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
EVRG Support and Resistance Analysis
70.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 80.53 to 81.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.66 to 76.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 71.43 to 72.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 82.80 to 84.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
EVRG 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 | UP | POSITIVE | The long term trend for EVRG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVRG is neutral. |
| ChartMill Relative Strength | 60.92 | NEUTRAL | EVRG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EVRG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVRG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EVRG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.73 | NEUTRAL | The RSI value for EVRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EVRG has a negative trend. |
| Stochastics (14,3) | 41.73 | NEUTRAL | The Stochastics value for EVRG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for EVRG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.8 | NEGATIVE | The low ADX value for EVRG suggests a weak or negative trend. |
EVRG Chart- and CandleStick Pattern Analysis
EVRG Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 82.81 | 81.02 | 1.79 (2.16%) | 25.00% |
| An entry @82.81. This is a Buy Stop order right above the 10 day moving average. | An exit @81.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.79 points, which is 2.16%. | For a 0.54% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EVRG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EVRG Technicals: Chart, Performance Metrics, Trend & Indicators
82
+0.46 (+0.56%)
EVERGY INC / EVRG TA FAQ
What is the ChartMill technical rating of EVERGY INC (EVRG) stock?
ChartMill assigns a technical rating of 6 / 10 to EVRG.
What is the current trend direction of EVERGY INC (EVRG) stock?
The current trend direction for EVERGY INC (EVRG) is Bullish.
Can you provide the RSI signal for EVERGY INC?
EVERGY INC (EVRG) has an RSI value of 47.7322. This indicates that the stock is currently neutral.
What is the short term momentum for EVRG stock?
The short term momentum for EVERGY INC (EVRG) is neutral.
Can you provide the support and resistance levels for EVERGY INC?
EVERGY INC (EVRG) has a support level at 81.45 and a resistance level at 81.67. Check the full technical report for our detailed analysis of EVRG support and resistance levels.