EVINE Live Inc. Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AI Analysis of EVLV
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Volatile ride for EVINE Live Inc. stock price on Friday moving between $3.45 and $4.04
(Updated on Oct 04, 2024)
Sell candidate since Oct 01, 2024
Loss -0.79%
The EVINE Live Inc. stock price fell by -0.785% on the last day (Friday, 4th Oct 2024) from $3.82 to $3.79. During the last trading day the stock fluctuated 16.96% from a day low at $3.45 to a day high of $4.04. The price has fallen in 8 of the last 10 days and is down by -15.21% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $16.11 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 43.45% during the next 3 months and, with a 90% probability hold a price between $5.31 and $6.73 at the end of this 3-month period.
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 $3.96 and $3.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, September 20, 2024, and so far it has fallen -15.21%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for EVINE Live Inc. stock
EVINE Live Inc. finds support from accumulated volume at $3.61 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 $0.585 between high and low, or 16.96%. For the last week, the stock has had daily average volatility of 7.08%.
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 Monday 7th
For the upcoming trading day on Monday, 7th we expect EVINE Live Inc. to open at $3.76, and during the day (based on 14 day Average True Range), to move between $3.53 and $4.05, which gives a possible trading interval of +/-$0.264 (+/-6.96%) up or down from last closing price. If EVINE Live Inc. takes out the full calculated possible swing range there will be an estimated 13.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.61 (4.75%) than the resistance at $4.07 (7.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EVINE Live Inc. stock A Buy?
The EVINE Live Inc. stock holds several negative signals and despite the positive trend, we believe EVINE Live Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score:
-4.989
Sell Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on October 7, 2024 - $3.76 ( 0.84%). 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 | |
|---|---|---|
| R3 | 4.34 | 14.60% |
| R2 | 4.12 | 8.70% |
| R1 | 3.98 | 5.06% |
| Price | 3.79 | |
| S1 | 3.53 | -6.73% |
| S2 | 3.40 | -10.37% |
| S3 | 3.17 | -16.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.47 | 17.94% |
| R2 | 4.14 | 9.23% |
| R1 | 4.07 | 7.39% |
| Price | 3.79 | |
| S1 | 3.61 | -4.75% |
| S2 | 3.60 | -5.01% |
| S3 | 3.47 | -8.44% |
FAQ
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