ENVIROTECH VEHICLES INC (EVTV) Technical Analysis
NASDAQ:EVTV • US29414V3087
Current stock price
EVTV Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to EVTV. Although EVTV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- EVTV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EVTV is lagging the market.
- EVTV is one of the better performing stocks in the Automobiles industry, it outperforms 97% of 35 stocks in the same industry.
- EVTV has an average volume of 3590350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, EVTV did better than 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month EVTV has a been trading in the 1.22 - 2.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
EVTV Weekly and Daily overview Charts
EVTV Setup Rating and Analysis
Although the technical rating is only medium, EVTV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
EVTV Support and Resistance Analysis
1.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.68 to 1.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.62 to 1.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.56 to 1.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.72 from a horizontal line in the daily time frame.
- Resistance @1.77 from a horizontal line in the weekly time frame.
- Resistance @3.23 from a trend line in the weekly time frame.
EVTV 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 EVTV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVTV is neutral. |
| ChartMill Relative Strength | 97.51 | POSITIVE | EVTV has a high relative strength, it outperformed 97.51% 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) | UP | POSITIVE | The current price of EVTV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.32 | NEUTRAL | The RSI value for EVTV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EVTV has a positive trend. |
| Stochastics (14,3) | 44.69 | NEUTRAL | The Stochastics value for EVTV is a neutral value. |
| Average True Range in percent/ATR (20) | 11.46 | HIGH VOLATILITY | The high ATR as a percentage value for EVTV suggests high volalility. |
| Average Directional Index/ADX (14) | 17.75 | NEGATIVE | The low ADX value for EVTV suggests a weak or negative trend. |
EVTV Chart- and CandleStick Pattern Analysis
EVTV Technicals: Chart, Performance Metrics, Trend & Indicators
1.71
+0.03 (+1.79%)
ENVIROTECH VEHICLES INC / EVTV TA FAQ
What is the ChartMill technical rating of ENVIROTECH VEHICLES INC (EVTV) stock?
ChartMill assigns a technical rating of 4 / 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.
What is the RSI signal for EVTV stock?
ENVIROTECH VEHICLES INC (EVTV) has an RSI value of 52.3189. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ENVIROTECH VEHICLES INC?
ENVIROTECH VEHICLES INC (EVTV) has a support level at 1.69 and a resistance level at 1.72. Check the full technical report for our detailed analysis of EVTV support and resistance levels.