Evi Industries Stock Technical Analysis

EVI Stock  USD 24.90  0.60  2.35%   
As of the 29th of March, EVI Industries shows the downside deviation of 3.36, and Mean Deviation of 2.35. EVI Industries technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for EVI Industries, which can be compared to its rivals. Please confirm EVI Industries information ratio, as well as the relationship between the potential upside and kurtosis to decide if EVI Industries is priced fairly, providing market reflects its regular price of 24.9 per share. Given that EVI Industries has jensen alpha of (0.09), we urge you to verify EVI Industries's prevailing market performance to make sure the company can sustain itself at some point in the future.

EVI Industries Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as EVI, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EVI
  
EVI Industries' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
EVI Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of EVI Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EVI Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

EVI Industries Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of EVI Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.

EVI Industries Trend Analysis

Use this graph to draw trend lines for EVI Industries. You can use it to identify possible trend reversals for EVI Industries as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual EVI Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

EVI Industries Best Fit Change Line

The following chart estimates an ordinary least squares regression model for EVI Industries applied against its price change over selected period. The best fit line has a slop of   0.05  , which may imply that EVI Industries will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 77.77, which is the sum of squared deviations for the predicted EVI Industries price change compared to its average price change.

About EVI Industries Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of EVI Industries on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of EVI Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on EVI Industries price pattern first instead of the macroeconomic environment surrounding EVI Industries. By analyzing EVI Industries's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of EVI Industries's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to EVI Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price To Sales Ratio0.460.780.91.08
Price Earnings Ratio30.1728.4225.5725.19

EVI Industries March 29, 2024 Technical Indicators

Most technical analysis of EVI help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for EVI from various momentum indicators to cycle indicators. When you analyze EVI charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

EVI Industries March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as EVI stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether EVI Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EVI Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evi Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evi Industries Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EVI Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
For more detail on how to invest in EVI Stock please use our How to Invest in EVI Industries guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for EVI Stock analysis

When running EVI Industries' price analysis, check to measure EVI Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EVI Industries is operating at the current time. Most of EVI Industries' value examination focuses on studying past and present price action to predict the probability of EVI Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVI Industries' price. Additionally, you may evaluate how the addition of EVI Industries to your portfolios can decrease your overall portfolio volatility.
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Is EVI Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EVI Industries. If investors know EVI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EVI Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.40)
Earnings Share
0.49
Revenue Per Share
29.191
Quarterly Revenue Growth
0.106
Return On Assets
0.0358
The market value of EVI Industries is measured differently than its book value, which is the value of EVI that is recorded on the company's balance sheet. Investors also form their own opinion of EVI Industries' value that differs from its market value or its book value, called intrinsic value, which is EVI Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EVI Industries' market value can be influenced by many factors that don't directly affect EVI Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EVI Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if EVI Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EVI Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.