In the daily bar chart of EVFM, below, we can see a sideways to lower trend the past 12 months. For most of the time prices stayed between $7.50 on the upside and around $4.50 on the downside. The weakness in the broader market took prices to new lows around $3.50. EVFM bounced back a bit in April but it has been struggling to hold above the popular moving averages.
The trading volume has been very light and only increased slightly in the past two months. The On-Balance-Volume (OBV) line is easier to "read" and shows a slight improvement from December. The recent sharp spike higher on the OBV line was because of the heavy turnover Friday.
The Moving Average Convergence Divergence (MACD) oscillator has been moving around the zero line the past year and shows little in the way of lasting trend strength.