Evolent Health Inc (EVH): Price Now Near $25.8; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for EVH

Currently, EVH (Get Ratings)’s price is down $-0.26 (-1%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

EVH ranks 237th in terms of today’s price percentage change out of Business Services stocks.

EVH’s Technical Outlook on the Daily Chart

At the moment, EVH’s price is down $-0.26 (-1%) from the day prior. EVH has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Of note is that the 50 day changed directions on EVH; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows EVH’s price action over the past 90 days.

EVH

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EVH: Daily RSI Analysis

  • For EVH, its RSI is now at 0.
  • EVH and RSI may be exhibiting divergent trends. This may be something to monitor.

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