Envirotech Vehicles, Inc. Stock Forecast
Envirotech Vehicles, Inc. stock price down 0% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of Envirotech Vehicles, Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 4.23% from a day low at $1.30 to a day high of $1.36. The price has fallen in 6 of the last 10 days and is down by -4.35% for this period.
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 -48.25% during the next 3 months and, with a 90% probability hold a price between $0.607 and $0.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EVTV Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Envirotech Vehicles, 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 $1.46 and $1.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Envirotech Vehicles, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0550 between high and low, or 4.23%. For the last week the stock has had daily average volatility of 12.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVTV) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Envirotech Vehicles, Inc. to open at $1.33, and during the day (based on 14 day Average True Range), to move between $1.16 and $1.48, which gives a possible trading interval of +/-$0.159 (+/-12.06%) up or down from last closing price. If Envirotech Vehicles, Inc. takes out the full calculated possible swing range there will be an estimated 24.12% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.36, some $0.0400 (3.03%) from the current price of $1.32, our system finds the risk reward not very attractive.
Is Envirotech Vehicles, Inc. stock A Buy?
Envirotech Vehicles, 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: -7.296 Strong Sell Candidate Unchanged
Predicted Opening Price for Envirotech Vehicles, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.33 ( 0.379%) | $1.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVTV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.38 | 4.55% |
| R2 | 1.36 | 2.95% |
| R1 | 1.35 | 1.97% |
| Price | 1.32 | |
| S1 | 1.30 | -1.21% |
| S2 | 1.29 | -2.20% |
| S3 | 1.27 | -3.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.61 | 21.97% |
| R2 | 1.43 | 8.33% |
| R1 | 1.36 | 3.03% |
| Price | 1.32 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Envirotech Vehicles, Inc. Stock.
