The stock of Evogene Ltd. (NASDAQ:EVGN) is now priced at $1.13 and the shares are 0.01 points up or 0.89% higher compared to its previous closing price of $1.12. The stock had 109694 contracts set over the past session. EVGN shares’ daily volume is compared to its average trading volume at 118009 shares. However, it has a float of 22.71 million and although its performance was 6.6% over the week, it’s one to watch. EVGN share price recently placing at $1.1 to $1.16. However, some brokerage firms have priced the stock below the average, including one that has called $8.
The shorts are running away from the Evogene Ltd. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the EVGN shares have declined. Short interest in the stock represents just 0.16% of its float, but the volume has dropped by -8147. The volume of shorted shares dropped to 35340 from 43487 shares over the last two weeks. The average intraday trading volume has been 292251 shares, which means that days to cover moved to roughly 1.
In the last trading session, Evogene Ltd. (NASDAQ:EVGN) raised by $0.07 over the week and gained $unch on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $1.83. The stock recorded its established 52-week high on 01/09/20.
Since 03/20/20, the stock has traded to a low of $0.75 at 50.67%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Evogene Ltd.’s two-week RSI is 56.23. This suggests that the stock is neutral at the moment and that EVGN shares’ price movement remains stable. The stochastic readings are equally revealing at 64.2% meaning the EVGN share price is currently in neutral territory.
The technical chart shows that the EVGN stock will likely settle at between $1.17 and $1.2099 per share. However, if the stock dips below $1.0901, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.0501.
Currently, the stock is trading in the green of MACD, with a reading of 0.0544. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned EVGN a rating of Outperform in their intiating review released on December 16.