Live monitoring of the Rectangle setup on EVRG. See where price is heading.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for Evergy (EVRG) on the daily chart. The stock is trading at $82.5, down 0.42% on the day. Algorithmically, a Ascending Triangle structure has completed. Volume is strong (1.4x avg) with moderate trend strength (4.1). A potential breakout level is identified at $85.09, targeting $90.41 with support near $81.17 (R:R 1.36).
What is your outlook on EVRG?