ALTSHARES EVENT-DRIVEN ETF (EVNT) Stock Technical Analysis
NYSEARCA:EVNT - NYSE Arca - US02210T2078 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to EVNT. EVNT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
EVNT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EVNT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.38
We found 5 important support areas.
- A support zone ranging from 10.60 to 10.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.42 from a horizontal line in the daily time frame.
- A support zone ranging from 10.20 to 10.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.66 to 9.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.47 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.87 to 10.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.95 | 10.59 | 0.36 (3.29%) | 25.00% |
| An entry @10.95. This is a Buy Stop order right above the resistance zone. | An exit @10.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.36 points, which is 3.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:EVNT (3/7/2025, 8:22:34 PM)
10.8241
-0.12 (-1.06%)