EVER-GLORY INTERNATIONAL GROUP

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Type:	Stocks
Ticker:	EVK
ISIN:

EVER-GLORY INTERNATIONAL GROUP - Daily - Technical analysis published on 10/23/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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EVER-GLORY INTERNATIONAL GROUP Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 2.15 USD

My targets

3.40 USD (+30.77%)

4.09 USD (+57.31%)

My analysis

The bullish trend is currently very strong on EVER-GLORY INTERNATIONAL GROUP. As long as the price remains above the support at 2.15 USD, you could try to benefit from the boom. The first bullish objective is located at 3.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.09 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by 3ba0550.

Additional analysis

Quotes

EVER-GLORY INTERNATIONAL GROUP rating 2.60 USD. On the day, this instrument gained +126.09% and was traded between 2.55 USD and 6.76 USD over the period. The price is currently at +1.96% from its lowest and -61.54% from its highest.

2.55

6.76

2.60

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EVER-GLORY INTERNATIONAL GROUP:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this EVER-GLORY INTERNATIONAL GROUP chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.51	1.76	2.15	2.60	2.62	3.40	4.09
Change (%)	-41.92%	-32.31%	-17.31%	-	+0.77%	+30.77%	+57.31%
Change	-1.09	-0.84	-0.45	-	+0.02	+0.80	+1.49
Level	Intermediate	Minor	Minor	-	Intermediate	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.98	1.02	1.09	1.13	1.20	1.24	1.31
Camarilla	1.12	1.13	1.14	1.15	1.16	1.17	1.18
Woodie	0.99	1.03	1.10	1.14	1.21	1.25	1.32
Fibonacci	1.02	1.07	1.09	1.13	1.18	1.20	1.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.66	0.77	0.90	1.01	1.14	1.25	1.38
Camarilla	0.97	0.99	1.01	1.03	1.05	1.07	1.10
Woodie	0.67	0.78	0.91	1.02	1.15	1.25	1.39
Fibonacci	0.77	0.86	0.92	1.01	1.10	1.16	1.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.39	0.61	0.73	0.95	1.07	1.29	1.41
Camarilla	0.76	0.80	0.83	0.86	0.89	0.92	0.95
Woodie	0.35	0.58	0.69	0.92	1.03	1.26	1.37
Fibonacci	0.61	0.74	0.82	0.95	1.08	1.16	1.29

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	86.08
MACD (12,26,9):	0.1700
Directional Movement:	82.25
AROON (14):	100.00
DEMA (21):	1.32
Parabolic SAR (0,02-0,02-0,2):	1.05
Elder Ray (13):	3.40
Super Trend (3,10):	2.57
Zig ZAG (10):	2.60
VORTEX (21):	1.0200
Stochastique (14,3,5):	35.34
TEMA (21):	1.50
Williams %R (14):	-70.27
Chande Momentum Oscillator (20):	1.71
Repulse (5,40,3):	-108.3600
ROCnROLL:	1
TRIX (15,9):	0.5500
Courbe Coppock:	122.50

MA7:	1.32
MA20:	1.04
MA50:	1.02
MA100:	1.07
MAexp7:	1.47
MAexp20:	1.16
MAexp50:	1.07
MAexp100:	1.10
Price / MA7:	+96.97%
Price / MA20:	+150.00%
Price / MA50:	+154.90%
Price / MA100:	+142.99%
Price / MAexp7:	+76.87%
Price / MAexp20:	+124.14%
Price / MAexp50:	+142.99%
Price / MAexp100:	+136.36%

Quotes : 2020-10-22 19:59:59 - 15 min delayed data - NASDAQ Stocks

News

The last news published on EVER-GLORY INTERNATIONAL GROUP at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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