Eve Holding, Inc. Stock Forecast
Stronger technical forecast for Eve Holding, Inc. stock price after Friday trading.
(Updated on May 31, 2024)
The Eve Holding, Inc. stock price gained 4.01% on the last trading day (Friday, 31st May 2024), rising from $4.74 to $4.93. During the last trading day the stock fluctuated 5.76% from a day low at $4.78 to a day high of $5.05. The price has risen in 6 of the last 10 days but is still down by -7.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 242 thousand more shares were traded than the day before. In total, 289 thousand shares were bought and sold for approximately $1.42 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $4.73 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Eve Holding, Inc. stock with a 90% probability to be traded between $4.78 and $5.85 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EVEX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 4.23%. Further rise is indicated until a new top pivot has been found. Eve Holding, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eve Holding, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.27 and $5.31. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Eve Holding, Inc. stock
Eve Holding, Inc. finds support from accumulated volume at $4.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.275 between high and low, or 5.76%. For the last week, the stock has had daily average volatility of 9.54%.
Our recommended stop-loss: $4.69 (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (EVEX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Eve Holding, Inc. to open at $4.92, and during the day (based on 14 day Average True Range), to move between $4.61 and $5.25, which gives a possible trading interval of +/-$0.325 (+/-6.58%) up or down from last closing price. If Eve Holding, Inc. takes out the full calculated possible swing range there will be an estimated 13.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.96 (0.61%) than the support at $4.74 (3.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Eve Holding, Inc. stock A Buy?
Eve Holding, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.523 Hold/Accumulate Upgraded
Predicted Opening Price for Eve Holding, Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $4.92 ( 0.237%) | $4.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVEX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.19 | 5.34 % | |
| R2 | 5.09 | 3.21 % | ||
| R1 | 5.02 | 1.89 % | ||
| Current price: | 4.93 | |||
| Support | S1 | 4.81 | -2.37 % | |
| S2 | 4.75 | -3.68 % | ||
| S3 | 4.64 | -5.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.43 | 10.14 % | |
| R2 | 5.30 | 7.51 % | ||
| R1 | 4.96 | 0.609 % | ||
| Current price | 4.93 | |||
| Support | S1 | 4.74 | -3.85% | |
| S2 | 4.73 | -4.06% | ||
| S3 | 0 | . |
FAQ
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