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Ever-Glory International Group Stock Forecast NYSE:EVK

$2.54 (6.72%)

Volume: 118k

Closed: Dec 03, 2021

Hollow Logo Score: -3.754

Ever-Glory International Group Stock Forecast

$2.54 (6.72%)

Volume: 118k

Closed: Dec 03, 2021

Score Hollow Logo -3.754
Which way will EVK go? Request
Key Stats
Beta 0.77
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Big movements in Ever-Glory International Group stock price on Friday moving 12.89% between high and low
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The Ever-Glory International Group stock price gained 6.72% on the last trading day (Friday, 3rd Dec 2021), rising from $2.38 to $2.54. During the day the stock fluctuated 12.89% from a day low at $2.25 to a day high of $2.54. The price has fallen in 7 of the last 10 days and is down by -11.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 118 thousand shares were bought and sold for approximately $299.97 thousand.

The stock is at the lower part of a very 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 $2.38 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ever-Glory International Group stock with a 90% probability to be traded between $2.41 and $3.51 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, December 02, 2021, and so far it has risen 6.72%. Further rise is indicated until a new top pivot has been found. Ever-Glory International Group 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 Ever-Glory International Group 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 $2.70 and $2.91. 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

Ever-Glory International Group finds support from accumulated volume at $2.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.29 between high and low, or 12.89%. For the last week, the stock has had a daily average volatility of 10.49%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Ever-Glory International Group stock A Buy?

Ever-Glory International Group holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.754

Predicted Opening Price for Ever-Glory International Group of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$2.44 $2.54 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 10.49 %
Overall Risk: Very High High Medium Low Very Low
Volatility
10.49 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.88
Price: $2.54
Support: $2.53

EVK Insider Trading Show all Trades

INSIDER POWER

3.129

Last 82 transactions
Buy: 38 438 006 | Sell: 12 284 874 (Shares)
Date Action Amount Person Type
Sep 08, 2021 Buy 826 Wang Jianhua Common Stock
Sep 08, 2021 Buy 826 Zhang Zhixue Common Stock
Feb 09, 2021 Buy 750 Wang Jianhua Common Stock
Feb 09, 2021 Buy 750 Zhang Zhixue Common Stock
Jul 10, 2020 Buy 2 164 Wang Jianhua Common Stock
Show all Insider Trades
INSIDER POWER

3.129

Last 82 transactions
Buy: 38 438 006 | Sell: 12 284 874 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.73 7.61 %
2.62 3.25 %
2.55 0.56 %
Current price: 2.54
Support 2.33 -8.17 %
2.26 -10.86 %
2.15 -15.22 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.96 16.54 %
2.90 14.17 %
2.88 13.39 %
Current price 2.54
Support 2.53 -0.39%
2.50 -1.57%
2.38 -6.30%

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About Ever-Glory International Group

Ever-Glory International Group, Inc. engages in manufacturing, distributing, and retailing apparels primarily in the People’s Republic of China, the United States, Europe, the United Kingdom, and Japan. It operates through two segments, Wholesale and Retail. The company primarily offers casual wear, outerwear, and sportswear. Its products include coats, jackets, slacks, skirts, shirts, trousers, and jeans for women; vests, jackets, trousers, ski... Read more

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