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Archive
- 4/17/2025 -
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Evergy (EVRG) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Evergy (EVRG). During the week, the EVRG gained 1.85 points, or 2.78%, and closed at 68.37 on Thursday, April 17, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 29% above 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 uptrend had started on February 8, 2024 at 48.04 and reached 70.30 on April 3, 2025. EVRG gained -22.26 points, or -46.34%, in 60 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 62.81 and resistance is at 71.80. 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 long-term trend.
 Medium-term trend: [See EVRG medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 59.67 and reached 70.30 on April 3, 2025. EVRG gained -10.63 points, or -17.81%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 67.16 and resistance is at 70.47. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 below its signal line since April 4, 2025. The distance between MACD and the signal line is low and getting smaller. 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 April 3, 2025 at 70.30 and reached 61.94 on April 9, 2025. EVRG lost 8.36 points, or 11.89%, in 6 days. The price is now at the 76.91% retracement level.
Daily Technical Indicators: [See EVRG daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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