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Takip Edin: @UscMarketsEVGGF Stock Forecast & Evolution AB (publ) Chart Analysis
This article provides a detailed analysis of EVGGF-Evolution AB (publ) stock including a forecast for EVGGF shares. It features Evolution AB (publ) technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
EVGGF Historical Data Review
EVGGF Current Price Performance Analysis
The Evolution AB (publ) - EVGGF stock traded on the American stock market, on 06-05-2024, closed at 105.83$ with no change compared to the previous day.
In the last month, the price of EVGGF changed by %-3.90 decreased in value, from 110.13 dollars on 05-06-2024 to 105.83 dollars, decreased.
Last year, the price of EVGGF was 128.61 dollars on 06-06-2023, and changed by %-17.71 decreased in value, to 105.83 dollars decreased within a year.
The price of Evolution AB (publ) stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
EVGGF with AI Stock Forecast & Price Target
On the EVGGF chart Evolution AB (publ) price was recorded as 105.83 Dollars on 06/05/2024.
The artificial intelligence's forecast on EVGGF stock is as follows.
The artificial intelligence's prediction error margin for EVGGF stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Evolution AB (publ) stock over the next 4 months is: 70.7 Dollars.
The commentary on EVGGF stock Target Price: Highest: 104.021 Dollars is predicted.
The commentary on EVGGF stock Target Price: Lowest: 41.603 Dollars is predicted.
Resistance Price where Evolution AB (publ) stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 88.725 |
| 11-22-2024 | 68.235 |
Support Price where Evolution AB (publ) stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 87.511 |
| 11-07-2024 | 66.634 |
| 04-01-2025 | 41.603 |
The commentary on EVGGF stock: The target price can generally be said to be on the decline.
The commentary on EVGGF stock: Fluctuations in the target price can be expected in the coming days.
The target price for Evolution AB (publ) stock by the end of 2024 is predicted to be 58.365 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on EVGGF stock, and the 2024 target price predictions for Evolution AB (publ) are detailed above.
The technical analysis and charts for the commentary on EVGGF stock are below.
EVGGF Support & Resistance and Trend Analysis
EVGGF stock you have reviewed the technical analysis support resistance charts regarding.
EVGGF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the EVGGF review, the Evolution AB (publ) support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Evolution AB (publ) Support and Resistance Prices:
| EVGGF Support Level Price | EVGGF Resistance Level Price |
|---|---|
| 102.82 | 114.60 |
| 107.88 | 116.56 |
| 108.45 | 123.10 |
| 109.39 | 128.05 |
| 113.88 | 128.33 |
| 115.78 | 128.78 |
| 116.35 | 133.95 |
| 118.06 | 133.96 |
| 119.15 | 136.10 |
EVGGF Technical Analysis: SMA, RSI, MACD
Upon reviewing the EVGGF chart, buy and sell signals have been generated in the Evolution AB (publ) technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for EVGGF stock are as follows:- The technical analysis for EVGGF indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Evolution AB (publ) issued a 'Buy' signal when the MACD was at -2.236, with the current MACD value being: -2.648
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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