ENVIROTECH VEHICLES INC (EVTV) Stock Technical Analysis
NASDAQ:EVTV • US29414V3087
Overall EVTV gets a technical rating of 3 out of 10. In the last year, EVTV was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 78% of all other stocks performed better in the past year than EVTV.
- EVTV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month EVTV has a been trading in the 1.56 - 2.72 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.
- EVTV has an average volume of 35156300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- EVTV is part of the Automobiles industry. There are 35 other stocks in this industry, EVTV did better than 64% of them.
- Considerably lower volume is observed in the last couple of days.
The technical rating of EVTV 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
1.58
3 important resistance areas can be observed.
- Resistance @1.75 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.82 to 1.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.93 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for EVTV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVTV is down. |
| ChartMill Relative Strength | 22.33 | NEGATIVE | EVTV has a low relative strength, it was outperformed by 77.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EVTV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EVTV is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVTV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.39 | NEUTRAL | The RSI value for EVTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests EVTV has a negative trend. |
| Stochastics (14,3) | 20.66 | NEUTRAL | The Stochastics value for EVTV is a neutral value. |
| Average True Range in percent/ATR (20) | 14.46 | HIGH VOLATILITY | The high ATR as a percentage value for EVTV suggests high volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for EVTV suggests a strong trend. |
1.6
-0.15 (-8.57%)
ENVIROTECH VEHICLES INC / EVTV FAQ
What is the ChartMill technical rating of ENVIROTECH VEHICLES INC (EVTV) stock?
ChartMill assigns a technical rating of 3 / 10 to EVTV.
What is the current trend direction of ENVIROTECH VEHICLES INC (EVTV) stock?
The current trend direction for ENVIROTECH VEHICLES INC (EVTV) is Bearish.
Can you provide the RSI signal for ENVIROTECH VEHICLES INC?
ENVIROTECH VEHICLES INC (EVTV) has an RSI value of 41.3937. This indicates that the stock is currently neutral.
What is the MACD signal for EVTV stock?
The MACD indicator for ENVIROTECH VEHICLES INC (EVTV) has a value of -0.0707775, indicating a bearish trend.
What are the support and resistance levels for ENVIROTECH VEHICLES INC (EVTV) stock?
ENVIROTECH VEHICLES INC (EVTV) has a resistance level at 1.75. Check the full technical report for our detailed analysis of EVTV support and resistance levels.