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Archive
- 11/22/2024 -
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Evergy (EVRG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Evergy (EVRG). During the week, the EVRG climbed 0.50 points, or 0.78%, and closed at 64.26 on Friday, November 22, 2024. Weekly volume was -28% below average.
EVRG is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 price is now at the 66.16% retracement level.
 Medium-term trend: [See EVRG medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 46.92 and reached 64.95 on November 22, 2024. EVRG gained -18.03 points, or -38.43%, in 59 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (53.25) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EVRG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See EVRG short-term trend chart]
A short-term uptrend had started on October 10, 2024 at 59.00 and reached 64.95 on November 22, 2024. EVRG gained -5.95 points, or -10.08%, in 43 days. The price is now at the 11.60% retracement level.
 Daily Technical Indicators: [See EVRG daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since November 6, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
10 |
| Industry |
Electric Utilities |
74 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
59.00 |
| Low Date |
10/10/2024 |
| High |
64.95 |
| High Date |
11/22/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
52.10 |
| Low Date |
06/26/2024 |
| High |
64.95 |
| High Date |
11/22/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
48.04 |
| Low Date |
02/08/2024 |
| High |
64.95 |
| High Date |
11/22/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
59.23 |
| Support |
53.25 |
| Low |
46.92 |
| Low Date |
10/06/2023 |
| High |
64.95 |
| High Date |
11/22/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
73.13 |
| High Date |
04/21/2022 |
| Low |
46.92 |
| Low Date |
10/06/2023 |
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