Evolent Health, Inc Class A Common Stock | EVH

Daily Technical Analysis of Evolent Health, Inc Class A Common Stock

Evolent Health had a rough day and is now down -5.36%. Investors weren't too impressed with the future outlook for the Application Software company which caused some selling on weak demand.

The Application Software company isn't at an immediate support or resistance level that might be predictive. EVH has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. EVH might find some support at the 28.73 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-11-13

Analyst Ratings for Evolent Health By Price Target And Rating

The analysts feel fairly neutral on the prospects for Evolent Health but a little more positive than negative. The current Analysts Sentiment Score is 17.80. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Citigroup initiated a rating of Buy on 2024-04-22 and provided a price target of $40.00. On 2024-03-28 Canaccord Genuity Group lowered their price target by -2.22% to $44.00. JPMorgan Chase & Co. provided a price target decease of -1.89% to $52.00 from $53.00 on 2024-03-15. Oppenheimer initiated a rating of Outperform on 2024-03-01 and added a price target of $45.00. JMP Securities gave a boost to their price target and moved to $38.00 from $37.00 on 2024-02-23. William Blair reiterated a rating of Outperform on 2024-01-09. Barclays initiated a rating of Overweight on 2024-01-03 and provided a price target of $39.00. Royal Bank of Canada announced a lowering of their price target to $42.00 from $44.00 on 2023-11-28. On 2023-11-16 there was confirmation of the previous rating by Wedbush which was Outperform. Truist Financial decided to move down their price target on 2023-11-14 to $34.00 which is a -5.56% decrease.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
EVH	17.80	23.57	0	12.98	-0.96

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-13)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
EVH	0.00	0.00

Short interest for Evolent Health

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
EVH	8.69	%7.34723	9.5	6.27	8320000

How Evolent Health compares to the broader Technology sector and the more specific Application Software industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Application Software Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	111	0.68	-1.07	7.23	12.26	17.10	33.66	72.69	62.67	24.54	23.86	-4991.54	-21300.05	21.62	0.00	4.49	7.32
Technology Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	290	0.52	-0.61	3.36	7.25	8.96	27.26	60.67	29.61	15.28	17.30	-11476.67	-16920.96	15.43	1.98	4.57	6.23

Social Sentiment for Evolent Health

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
EVH

Companies with the highest correlation to Evolent Health

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
SEM \| SELECT MEDICAL HOLDINGS C	0.74	2.92	2.28	17.06	6.55	15.32	64.46	74	14.50	21.54	33.72	193.77	-29040.74	125	3.91198
CEVA \| CEVA Inc.	0.56	-0.81	2.45	18.86	19.72	45.41	26.52	71	42.98	22.52	25.79	-553.89	-17401.63	0	4.1086
LSCC \| Lattice Semiconductor Cor	0.53	4.47	0.24	-5.79	9.56	-31.44	-11.71	41	-5.89	-10.27	-22.87	-1958.81	-1467.00	0	7.46881
SMTC \| Semtech Corp	0.5	4.09	3.89	11.47	15.88	24.86	226.49	61	173.23	42.84	90.77	-517.59	-21935.96	0	12.5478
JOE \| St. Joe Company	0.5	-0.75	0.10	-6.07	-14.30	-9.77	-4.91	32	-5.61	-4.97	-4.82	-11081.64	158.54	0	3.14446
BLKB \| Blackbaud, Inc.	0.49	-0.57	-1.17	-3.39	1.34	4.81	11.41	73	10.78	10.26	7.57	423.38	-27300.14	0	1.38864

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