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Evolution Mining Limited

EVN.AX Technical Analysis Summary (ASX)

Analyze EVN.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

EVN.AX●ASX
Basic MaterialsGold
$12.95
$0.14(1.07%)
Australian Market opens in 0h 34m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

EVN.AX Technical Analysis Summary (ASX)

Evolution Mining Limited (ASX: EVN.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 37.79)
Trend Strength:Weak (ADX: 19.73)
Volatility:Medium (ATR: 0.45)
Support/Resistance:$12.65 – $14.53 (Bollinger Bands)

Technical conditions suggest Evolution Mining Limited on the ASX is awaiting a decisive move. Technical conditions suggest Evolution Mining Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 37.79

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 17.27

Bullish
Oversold zone signals rebound potential.

Williams %R: -89.21

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -1.37

Bearish
Selling pressure outweighs buying.

Takeaway:Evolution Mining Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.25

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 19.73

Weak
Weak trend, market trading sideways.

ATR (14): 0.45

Low
Low volatility, stable price action.

CCI (14): -98.19

Bearish
Bearish, momentum remains under pressure.

Takeaway:Evolution Mining Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$14.53
Middle Band (SMA 20)
$13.59
Lower Band
$12.65
Current Position
Within Bands

Takeaway:Evolution Mining Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$14.47
Middle Line (EMA 20)
$13.57
Lower Channel
$12.67
Squeeze Status
No Squeeze

Takeaway:Evolution Mining Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume61.53M
Money Flow Index65.62Bullish, inflows support continued momentum.
Relative Vigor Index38.43Bearish, price momentum favors sellers.

Overall Takeaway:EVN.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Evolution Mining Limited (ASX: EVN.AX), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Evolution Mining Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: EVN.AX) Technical Analysis FAQ