Evolent Health Inc (EVH): Price Now Near $26.35; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for EVH

Currently, EVH (Get Ratings)’s price is down $-0.27 (-1.01%) from the hour prior. The hourly chart shows that EVH has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. 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.

Out of Business Services stocks, EVH ranks 161st in regards to today’s price percentage change.

EVH’s Technical Outlook on the Daily Chart

At the time of this writing, EVH’s price is down $-0.27 (-1.01%) from the day prior. EVH has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them so that price is now turning below it. 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. Evolent Health Inc’s price action over the past 90 days can be seen via the chart below.

EVH

<

EVH: Daily RSI Analysis

  • For EVH, its RSI is now at 58.0645.
  • EVH and RSI may be exhibiting divergent trends. This may be something to monitor.

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market