|
|
Downtrend Broken Resist.Archive
- 4/19/2024 -
Sign In to see current Signals. |
Evergy (EVRG) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Evergy (EVRG). During the week, the EVRG gained 0.81 points, or 1.59%, and closed at 51.76 on Friday, April 19, 2024. Weekly volume was -13% 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 chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (51.45). 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 uptrend had started on February 8, 2024 at 48.04 and reached 53.60 on March 28, 2024. EVRG gained -5.56 points, or -11.57%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 49.87 and resistance is at 55.34. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 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. This is an indication that the medium-term trend is up. 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 49.55 on April 16, 2024. EVRG lost 4.05 points, or 7.56%, in 19 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 48.57 and resistance is at 52.68. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See EVRG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|