EVgo stock surges 54.37% and trades just below $1.95 resistance

EVgo stock displays a bullish daily bias, but the setup is not an unqualified trend signal. Price stands above all three daily exponential averages, while RSI is overbought and the averages lack bullish alignment. The hourly chart supports the directional bias, yet adds another overbought reading. Key takeaways EVgo was trading at $1.945 as of 10:10 ET on Monday, up 54.37% from the October 30 close of $1.26, with 571,175 shares traded so far. Daily RSI14 is 79.56 , above the overbought threshold of 70.

Source: The Cryptonomist