Evolv Technologies Holdings, 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.
AI Analysis of EVLVW
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Red day on Thursday for Evolv Technologies Holdings, Inc.
(Updated on Oct 03, 2024)
Sell candidate since Sep 25, 2024
Loss -15.25%
The Evolv Technologies Holdings, Inc. stock price fell by -1.77% on the last day (Thursday, 3rd Oct 2024) from $0.363 to $0.356. During the last trading day the stock fluctuated 3.90% from a day low at $0.356 to a day high of $0.370. The price has fallen in 7 of the last 10 days and is down by -26.89% for this period. Volume has increased on the last day by 2 thousand 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, 18 thousand shares were bought and sold for approximately $6.28 thousand.
Given the current short-term trend, the stock is expected to rise 32.29% during the next 3 months and, with a 90% probability hold a price between $0.471 and $0.80 at the end of this 3-month period.
EVLVW Signals & Forecast
There are few to no technical positive signals at the moment. The Evolv Technologies Holdings, 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 $0.390 and $0.444. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, August 29, 2024, and so far it has fallen -35.25%. 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). Evolv Technologies Holdings, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Evolv Technologies Holdings, Inc. stock
Evolv Technologies Holdings, Inc. finds support from accumulated volume at $0.350 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 $0.0139 between high and low, or 3.90%. For the last week, the stock has had daily average volatility of 5.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVLVW) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Evolv Technologies Holdings, Inc. to open at $0.361, and during the day (based on 14 day Average True Range), to move between $0.311 and $0.401, which gives a possible trading interval of +/-$0.0450 (+/-12.64%) up or down from last closing price. If Evolv Technologies Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 25.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.350 (1.68%) than the resistance at $0.383 (7.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Evolv Technologies Holdings, Inc. stock A Buy?
The Evolv Technologies Holdings, Inc. stock holds several negative signals and despite the positive trend, we believe Evolv Technologies Holdings, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score:
-1.322
Sell Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $0.361 ( 1.30%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for EVLVW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.375 | 5.20% |
| R2 | 0.369 | 3.71% |
| R1 | 0.366 | 2.79% |
| Price | 0.356 | |
| S1 | 0.355 | -0.190% |
| S2 | 0.352 | -1.11% |
| S3 | 0.347 | -2.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.400 | 12.36% |
| R2 | 0.385 | 8.14% |
| R1 | 0.383 | 7.55% |
| Price | 0.356 | |
| S1 | 0.350 | -1.68% |
| S2 | 0.329 | -7.61% |
| S3 | 0.290 | -18.56% |
FAQ
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