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Candlesticks Name: | Bearish Deliberation |
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Number of records: 10 |
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Advanced TA SearchArchive - 5/10/2024 - Sign In to see current Signals. |
Evergy (EVRG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Evergy (EVRG). During the week, the EVRG gained 1.32 points, or 2.44%, and closed at 55.42 on Friday, May 10, 2024. Weekly volume was 47% 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 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 downtrend resistance line (38.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EVRG may retest the broken resistance line. It is considered to be a support line now. 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 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 56.22 on May 10, 2024. EVRG gained -8.18 points, or -17.03%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 50.15 and resistance is at 57.09. 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 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. 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 April 24, 2024 at 51.49 and reached 56.22 on May 10, 2024. EVRG gained -4.73 points, or -9.19%, in 16 days. The price is now at the 16.91% retracement level. Daily Technical Indicators: [See EVRG daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since April 23, 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 |
12 |
Industry |
Electric Utilities |
118 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
51.49 |
Low Date |
04/24/2024 |
High |
56.22 |
High Date |
05/10/2024 |
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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 |
51.49 |
Low Date |
04/24/2024 |
High |
56.22 |
High Date |
05/10/2024 |
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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 |
49.55 |
Low Date |
04/16/2024 |
High |
56.22 |
High Date |
05/10/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Ascending Wedge |
Status |
Valid |
Resistance |
57.09 |
Support |
50.15 |
Low |
48.04 |
Low Date |
02/08/2024 |
High |
56.22 |
High Date |
05/10/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Falling Channel |
Status |
Broken Resistance |
Resistance |
50.80 |
Support |
38.75 |
High |
73.13 |
High Date |
04/21/2022 |
Low |
46.92 |
Low Date |
10/06/2023 |
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