Evolv Technologies Holdings Stock Technical Analysis

EVLV Stock  USD 3.45  0.10  2.82%   
As of the 18th of March 2024, Evolv Technologies shows the Standard Deviation of 4.98, variance of 24.85, and Mean Deviation of 3.57. Evolv Technologies 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 break down and interpolate thirteen technical drivers for Evolv Technologies Holdings, which can be compared to its rivals. Please confirm Evolv Technologies variance and skewness to decide if Evolv Technologies is priced favorably, providing market reflects its regular price of 3.45 per share. Given that Evolv Technologies has information ratio of (0.05), we urge you to verify Evolv Technologies Holdings's prevailing market performance to make sure the company can sustain itself at a future point.

Evolv Technologies Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Evolv, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Evolv
  
Evolv Technologies' 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.

Evolv Technologies Analyst Consensus

Target PriceAdvice# of Analysts
7.75Strong Buy6Odds
Evolv Technologies Holdings current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Evolv analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Evolv stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Evolv Technologies, talking to its executives and customers, or listening to Evolv conference calls.
Evolv Analyst Advice Details
Evolv Technologies 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 Evolv Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Evolv Technologies 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...

Evolv Technologies Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. 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 Evolv Technologies volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Evolv Technologies Trend Analysis

Use this graph to draw trend lines for Evolv Technologies Holdings. You can use it to identify possible trend reversals for Evolv Technologies 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 Evolv Technologies price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Evolv Technologies Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Evolv Technologies Holdings applied against its price change over selected period. The best fit line has a slop of   0.02  , which may suggest that Evolv Technologies Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 8.65, which is the sum of squared deviations for the predicted Evolv Technologies price change compared to its average price change.

About Evolv Technologies 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 Evolv Technologies Holdings 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 Evolv Technologies Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Evolv Technologies price pattern first instead of the macroeconomic environment surrounding Evolv Technologies. By analyzing Evolv Technologies'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 Evolv Technologies'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 Evolv Technologies specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Days Of Sales Outstanding99.78229.94119.4598.8
Days Of Inventory Outstanding110.0370.0274.48139.56

Evolv Technologies March 18, 2024 Technical Indicators

Most technical analysis of Evolv 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 Evolv from various momentum indicators to cycle indicators. When you analyze Evolv 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.

Evolv Technologies March 18, 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 Evolv 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 Evolv Technologies is a strong investment it is important to analyze Evolv Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Evolv Technologies' future performance. For an informed investment choice regarding Evolv Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies Holdings. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Complementary Tools for Evolv Stock analysis

When running Evolv Technologies' price analysis, check to measure Evolv Technologies' 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 Evolv Technologies is operating at the current time. Most of Evolv Technologies' value examination focuses on studying past and present price action to predict the probability of Evolv Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolv Technologies' price. Additionally, you may evaluate how the addition of Evolv Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Evolv Technologies' 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 Evolv Technologies. If investors know Evolv 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 Evolv Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.71)
Revenue Per Share
0.539
Quarterly Revenue Growth
0.045
Return On Assets
(0.17)
Return On Equity
(0.57)
The market value of Evolv Technologies is measured differently than its book value, which is the value of Evolv that is recorded on the company's balance sheet. Investors also form their own opinion of Evolv Technologies' value that differs from its market value or its book value, called intrinsic value, which is Evolv Technologies' 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 Evolv Technologies' market value can be influenced by many factors that don't directly affect Evolv Technologies' 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 Evolv Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolv Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolv Technologies' 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.