USA - NASDAQ:EVTV - US29414V3087 - Common Stock
Taking everything into account, EVTV scores 1 out of 10 in our technical rating. EVTV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, EVTV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
1.51
When analyzing the resistance we notice 2 important areas.
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 EVTV is down. | 
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVTV is down. | 
| ChartMill Relative Strength | 2.3 | NEGATIVE | EVTV has a low relative strength, it was outperformed by 97.7% off all stocks on the market. | 
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVTV is above the rising SMA(20). | 
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVTV is below a declining 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) | 45.39 | NEUTRAL | The RSI value for EVTV is a neutral value. | 
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests EVTV has a positive trend, although the MACD value is declining. | 
| Stochastics (14,3) | 60.94 | NEUTRAL | The Stochastics value for EVTV is a neutral value. | 
| Average True Range in percent/ATR (20) | 8.2 | HIGH VOLATILITY | The high ATR as a percentage value for EVTV suggests high volalility. | 
| Average Directional Index/ADX (14) | 18.78 | NEGATIVE | The low ADX value for EVTV suggests a weak or negative trend. | 
1.53
+0.03 (+2%)
ChartMill assigns a technical rating of 1 / 10 to EVTV.
The current trend direction for ENVIROTECH VEHICLES INC (EVTV) is Bearish.
ENVIROTECH VEHICLES INC (EVTV) has an RSI value of 45.3863. This indicates that the stock is currently neutral.
The MACD indicator for ENVIROTECH VEHICLES INC (EVTV) has a value of 0.0358073, indicating a bearish trend.
ENVIROTECH VEHICLES INC (EVTV) has a resistance level at 1.55. Check the full technical report for our detailed analysis of EVTV support and resistance levels.