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EVGO stock has been declining over the last few trading sessions on the daily time frame chart.
2
EVGO shares slipped below 20, 50, 100 and 200-days daily moving averages.
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Evgo Inc. (NASDAQ: EVGO) stock has shed 23.94% year to date.
EVGO stock price has been consolidating at the lower levels and may sustain near $3.45 to surge towards the $5.00 recovery level. However, sellers have been shorting the EVGO shares steadily since August 2023. Nevertheless, buyers tried to take charge in between but couldn’t sustain at the $4.20 resistance level and remained stuck inside the consolidation phase. The stock price of Evgo returned from the $5.96 recovery level. The buyers have been trying to initiate the recovery phase but failed multiple times.
Evgo stock price was at $3.59 and lost 1.64% of its market capitalization intraday. Trading volume is below average highlighting the accumulation rate of sellers. However, buyers need to come forw
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