Evergreen Shares Collapse by 92% in One Year, Hitting a Record Low
This Thursday, Evergreen shares marked a new historical low at €0.0432, surpassing the previous low reached the day before. The stock is currently trading at €0.0450, up 4.17% from Wednesday's close, amidst a staggering year-over-year drop of more than 92%.
Evergreen Hits New Session Low, Sinking Past Previous Records
During the session, Evergreen shares hit a new low at €0.0432, breaking the negative record set on March 11, 2026. This unprecedented threshold highlights the magnitude of the decline in the stock, which has lost 86.36% of its market capitalization in three months and more than 92% over the past twelve months. The slight rebound observed this Thursday, with a gain of 4.17% compared to the previous day, only slightly corrects the massive accumulated decline. This movement occurs as European markets show a slight decline in session: the CAC 40 is down 0.38% at 8,011.60 points and the SBF 120 is down 0.33% at 6,065.45 points. Despite this, the micro-cap Evergreen remains disconnected from the general dynamics of the indices, with its downward trajectory primarily driven by factors specific to the stock.
Technical Analysis: Evergreen Well Below Moving Averages
Technically, Evergreen's stock price is significantly below all of its moving averages. The 50-day moving average at €0.32 and the 200-day moving average at €0.33 are respectively seven and eight times above the current level, indicating a massive and sustained detachment from medium and long-term trends. Such a gap reflects exceptional selling pressure over recent weeks. The RSI, which measures the relative strength of the stock, shows a value of zero, a rarely seen bottom level indicating an extremely oversold situation. The one-month volatility reaches 192.95, confirming price fluctuations of an unusual amplitude. The identified support at €0.04 is the next threshold to watch, while resistance is significantly higher at €0.33, a zone that coincides with the 200-day moving average. Breaking below the support could intensify the pressure on the stock.