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(EVLO) Evelo Biosciences complete technical analysis [charts+indicators] | Buy/Sell Evelo Biosciences | (EVLO) share price targets

Complete technical analysis of Evelo Biosciences (EVLO) by charts plus indicators, forecast predictions and share price targets for Evelo Biosciences (EVLO)

Evelo Biosciences trades in USA in Health Care sector.

Showing technical analysis as on 2023-11-30 View latest technical analysis

10 day averaged volume of Evelo Biosciences is 2189510

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	0.40	0.41	0.42	0.39	0.143 times
29 Wed Nov 2023	0.41	0.41	0.43	0.40	0.145 times
28 Tue Nov 2023	0.41	0.42	0.44	0.38	0.221 times
27 Mon Nov 2023	0.42	0.50	0.50	0.39	0.604 times
24 Fri Nov 2023	0.48	0.57	0.59	0.46	0.604 times
22 Wed Nov 2023	0.61	0.58	0.70	0.58	0.433 times
21 Tue Nov 2023	0.59	0.55	0.67	0.54	0.491 times
20 Mon Nov 2023	0.57	0.48	0.63	0.47	0.51 times
17 Fri Nov 2023	0.49	0.71	0.75	0.47	1.197 times
16 Thu Nov 2023	0.73	0.46	0.76	0.42	4.21 times

My analysis of stock is bearish for shortterm, and stock might move down till 0.3 or till 0.2. Use a stoploss of 0.43 and if the stock hits stoploss, then it can shoot up till 0.54

Share price targets for Evelo Biosciences (EVLO)

Target Type	Value
Downside Target	0.30
Downside Target	0.31
Downside Target	0.38
Upside Target	0.41
Upside Target	0.43
Upside Target	0.46
Upside Target	0.50
Upside Target	0.56
Upside Target	0.70
Upside Target	0.76
Upside Target	2.31
Upside Target	3.57
Upside Target	4.01
Upside Target	4.93
Upside Target	7.69
Upside Target	13.71
Upside Target	13.93

Intraday share price targets for Evelo Biosciences (EVLO)

Target Type	Value
Downside Intraday Target	0.35
Downside Intraday Target	0.31
Upside Intraday Target	0.47
Upside Intraday Target	0.55
Upside Intraday Target	0.43

Weekly technical analysis of Evelo Biosciences (EVLO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	0.40	0.50	0.50	0.38	0.546 times
24 Fri Nov 2023	0.48	0.48	0.70	0.46	0.276 times
17 Fri Nov 2023	0.49	0.34	0.76	0.31	4.849 times
10 Fri Nov 2023	0.30	0.43	0.43	0.30	0.307 times
03 Fri Nov 2023	0.43	0.55	0.56	0.30	7.759 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Evelo Biosciences (EVLO)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	0.40	0.39	0.76	0.30	6.071 times
31 Tue Oct 2023	0.41	3.86	4.01	0.41	2.684 times
29 Fri Sep 2023	3.92	6.63	7.69	3.57	0.332 times
31 Thu Aug 2023	6.61	9.95	13.93	4.93	0.244 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Evelo Biosciences (EVLO)

Price action analysis of Evelo Biosciences ( (EVLO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Evelo Biosciences ( (EVLO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Evelo Biosciences ( (EVLO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Evelo Biosciences stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Evelo Biosciences in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Evelo Biosciences Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Evelo Biosciences in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Evelo Biosciences is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.61 and Evelo Biosciences (EVLO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Evelo Biosciences (EVLO) stock. Volume based technical analysis of Evelo Biosciences (EVLO) stock is negative.

Evelo Biosciences Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.