EVS Technical Analysis - EVS BROADCAST EQUIPMENT S.A.

Technical Rating and Analysis

Taking everything into account, EVS scores 1 out of 10 in our technical rating. EVS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

EVS is part of the Communications Equipment industry. There are 25 other stocks in this industry, of which 66% are performing better than EVS.

In the last month EVS has a been trading in the 33.80 - 39.10 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.

Warning: EVS has an average volume of 26723 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When comparing the performance of all stocks over the past year, EVS turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.

EVS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EVS is lagging the market slightly.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EVS BROADCAST EQUIPMENT S.A. / EVS Weekly stock chart

EVS BROADCAST EQUIPMENT S.A. / EVS Daily stock chart

Setup Rating and Analysis

The technical rating of EVS 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

27.73

39.25

2 important support areas can be observed.

Support @33.09 from a horizontal line in the daily time frame.
Support @28.01 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 38.71 to 38.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for EVS.BR is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EVS.BR is down.
ChartMill Relative Strength	66.94	NEUTRAL	EVS.BR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EVS.BR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EVS.BR is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EVS.BR is above the rising SMA(200).
Relative Strength Index/RSI (14)	34.78	NEUTRAL	The RSI value for EVS.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.47	NEGATIVE	The MACD value suggests EVS.BR has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.25	OVERSOLD	The low Stochastics value suggests EVS.BR may be oversold.
Average True Range in percent/ATR (20)	2.67	MEDIUM VOLATILITY	The ATR as a percentage value for EVS.BR suggests some volalility.
Average Directional Index/ADX (14)	27.97	POSITIVE	The high ADX value value for EVS.BR suggests a strong trend.