Evolve Education (EVO)

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Evolve Education (EVO): Signals

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TECHNICAL ANALYSIS SUMMARY

Evolve Education (EVO.AX)


Indicator:

ENVELOPE BAND


Last Signal:

BEARISH


Trading: SELL @ $0.39
Signal Strength: MEDIUM
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


Evolve Education (ASX:EVO) current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bearish trading conditions. Currently, the Lower Band is 0.4085.



Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average which forms the base for this indicator can be a simple or exponential moving average. Each envelope is then set the same percentage above or below the moving average. This creates parallel bands that follow price action. With a moving average as the base Moving Average Envelopes can be used as a trend following indicator.

Calculation: Moving Average Envelope:
1) Upper Envelope: 20-day SMA + (20-day SMA x .025);
2) Lower Envelope: 20-day SMA - (20-day SMA x .025);


PROFILE: Evolve Education (EVO.AX)


Stock Exchange: ASX
Company: Evolve Education
Ticker Codes: | EVO.AX | ASX:EVO |

About Evolve Education (ASX:EVO):

Evolve Education Group Limited provides early childhood education (ECE) services in New Zealand. The company operates in two segments, ECE Centres and Home-based ECE. The ECE Centres segment operates facilities that offer all day or part-day early childhood services. The Home-based ECE segment provides services to a small group of children in a home setting supported by a registered teacher coordinator. The company also provides management and training services. It operates approximately 120 center-based ECE facilities under the Lollipops, Porse, Active Explorers, Learning Adventures, Little Earth Montessori, Au Pair Link, Little Lights, Little Wonders, and Pascals brands. The company was founded in 2014 and is based in Auckland, New Zealand.

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Moving Average Envelope

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