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Evolving Systems Stock Forecast NASDAQ:EVOL

$2.36 (-2.88%)

Volume: 32k

Closed: Nov 26, 2021

Hollow Logo Score: -1.319

Evolving Systems Stock Forecast

$2.36 (-2.88%)

Volume: 32k

Closed: Nov 26, 2021

Score Hollow Logo -1.319
Which way will EVOL go? Request
Key Stats
P/E Ratio 41.39
Beta 0.51
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Evolving Systems stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Red day on Friday for Evolving Systems
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Evolving Systems stock price fell by -2.88% on the last day (Friday, 26th Nov 2021) from $2.43 to $2.36. During the day the stock fluctuated 3.38% from a day low at $2.36 to a day high of $2.44. The price has fallen in 8 of the last 10 days and is down by -13.55% 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 -55 thousand shares and in total, 32 thousand shares were bought and sold for approximately $75.39 thousand.

Given the current short-term trend, the stock is expected to rise 25.13% during the next 3 months and, with a 90% probability hold a price between $2.95 and $3.85 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Evolving Systems 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 $2.41 and $2.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, October 21, 2021, and so far it has fallen -16.61%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Evolving Systems finds support from accumulated volume at $2.33 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0798 between high and low, or 3.38%. For the last week the stock has had a daily average volatility of 3.99%.

Evolving Systems is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is Evolving Systems stock A Buy?

The Evolving Systems stock holds several negative signals and despite the positive trend, we believe Evolving Systems will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.319

Predicted Opening Price for Evolving Systems of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$2.39 $2.36 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 3.99 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.99 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.44
Price: $2.36
Support: $2.33

EVOL Insider Trading Show all Trades

INSIDER POWER

2.421

Last 100 transactions
Buy: 1 135 719 | Sell: 469 200 (Shares)
Date Action Amount Person Type
Mar 19, 2021 Sell 9 000 Oros David S Common Stock
Mar 18, 2021 Sell 39 000 Oros David S Common Stock
Mar 18, 2021 Sell 8 000 Oros David S Common Stock
Mar 18, 2021 Sell 4 000 Oros David S Common Stock
Mar 18, 2021 Sell 6 000 Oros David S Common Stock
Show all Insider Trades
INSIDER POWER

2.421

Last 100 transactions
Buy: 1 135 719 | Sell: 469 200 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.47 4.51 %
2.44 3.22 %
2.42 2.42 %
Current price: 2.36
Support 2.36 -0.16 %
2.34 -0.96 %
2.31 -2.25 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.78 17.80 %
2.72 15.25 %
2.44 3.39 %
Current price 2.36
Support 2.33 -1.27%
2.23 -5.51%
2.11 -10.59%

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About Evolving Systems

Evolving Systems Evolving Systems, Inc. provides software solutions and services to the wireless, wireline, and cable markets in the United Kingdom, Nigeria, Mexico, and internationally. It offers Real-time Lifecycle Marketing platform, which monitors customer events and behavioral patterns in real-time; Subscriber Identity Module (SIM) Allocation, a SIM card activation solution that allocates and assigns resources to mobile network operators devices that rely on... Read more

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