The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Doji
Number of records: 10
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- 4/5/2024 -
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Evergy (EVRG) Technical Analysis

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Summary:
Weekly :Trend resistance at 51.88
Daily :A Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was the negative week for the Evergy (EVRG). During the week, the EVRG dropped -1.18 points, or -2.21%, and closed at 52.20 on Friday, April 5, 2024. Weekly volume was -11% below average.

Long-term trend: [See EVRG long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 73.13 and reached 46.92 on October 6, 2023. EVRG lost 26.21 points, or 35.84%, in 76 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (51.88). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See EVRG medium-term trend chart]
A medium-term downtrend had started on January 9, 2024 at 54.47 and reached 48.04 on February 8, 2024. EVRG lost 6.43 points, or 11.80%, in 4 weeks. The price is now at the 64.70% retracement level.

Weekly Technical Indicators: [See EVRG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 24, 2023. Use the following link to access a MACD help.

Short-term trend: [See EVRG short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 53.60 and reached 51.84 on April 5, 2024. EVRG lost 1.76 points, or 3.28%, in 8 days. The price is now at the 20.45% retracement level.

Daily Technical Indicators: [See EVRG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 26, 2024. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (51.77) comes close to the price (52.20). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.58
Williams' Percentage Range (W%R) 41.90
Lane's Stochastic (%D-Slow) 63.39
Greed/Fear Indicator (GFI) 59.02
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.00
Williams' Percentage Range (W%R) 33.00
Lane's Stochastic (%D-Slow) 65.45
Greed/Fear Indicator (GFI) 59.66
Moving Average Converg./Diverg. (MACD) -1.13
Trading Signals
Description Value Chart
Upper Bollinger Band 53.31
Daily Stochastic Crossing 52.65
Price 52.20
Weekly Stochastic Crossing 52.10
20 Day Moving Average 52.00
Yearly Trendline Resistance 51.88
Parabolic System 51.77
50 Day Moving Average 50.82
Lower Bollinger Band 50.59
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Electric Utilities 45
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.60
High Date 03/28/2024
Low 51.84
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.60
Low Date 03/01/2024
High 53.60
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.04
Low Date 02/08/2024
High 53.60
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.47
High Date 01/09/2024
Low 48.04
Low Date 02/08/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 51.88
Support 39.83
High 73.13
High Date 04/21/2022
Low 46.92
Low Date 10/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.