EVINE Live Inc. Stock Forecast
Red day on Wednesday for EVINE Live Inc.
(Updated on Apr 17, 2024)
The EVINE Live Inc. stock price fell by -2.28% on the last day (Wednesday, 17th Apr 2024) from $3.94 to $3.85. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.74% from a day low at $3.85 to a day high of $3.99. The price has fallen in 7 of the last 10 days and is down by -20.45% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -174 thousand shares and in total, 665 thousand shares were bought and sold for approximately $2.56 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.52% during the next 3 months and, with a 90% probability hold a price between $2.79 and $4.48 at the end of this 3-month period.
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EVLV Signals & Forecast
There are few to no technical positive signals at the moment. The EVINE Live Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $4.15 and $4.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -24.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for EVINE Live Inc. stock
EVINE Live Inc. finds support from accumulated volume at $3.69 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.144 between high and low, or 3.74%. For the last week, the stock has had daily average volatility of 5.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVLV) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect EVINE Live Inc. to open at $3.90, and during the day (based on 14 day Average True Range), to move between $3.56 and $4.14, which gives a possible trading interval of +/-$0.289 (+/-7.52%) up or down from last closing price. If EVINE Live Inc. takes out the full calculated possible swing range there will be an estimated 15.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.97 (3.12%) than the support at $3.69 (4.16%), 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 EVINE Live Inc. stock A Buy?
EVINE Live Inc. 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: -2.830 Sell Candidate Unchanged
Predicted Opening Price for EVINE Live Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $3.90 ( 1.25%) | $3.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVLV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.04 | 4.98 % | |
| R2 | 3.99 | 3.56 % | ||
| R1 | 3.95 | 2.67 % | ||
| Current price: | 3.85 | |||
| Support | S1 | 3.84 | -0.182 % | |
| S2 | 3.81 | -1.06 % | ||
| S3 | 3.75 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.45 | 15.58 % | |
| R2 | 4.41 | 14.55 % | ||
| R1 | 3.97 | 3.12 % | ||
| Current price | 3.85 | |||
| Support | S1 | 3.69 | -4.16% | |
| S2 | 3.63 | -5.71% | ||
| S3 | 3.55 | -7.79% |
FAQ
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