Evolv Technologies stock falls 2.1% after Official Patron Screening Provider selection

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Anton Kharitonov

23.09.2026

Evolv Technologies stock falls 2.1% after Official Patron Screening Provider selection — Evolv Technologies stock falls 2.1% today

The University of Memphis has selected Evolv Technologies as its Official Patron Screening Provider to help facilitate secure and efficient entry at Simmons Bank Liberty Stadium starting with the 2026 football season. Evolv Technologies stock is down 2.1% on the day at $4.82.

Highlights

The University of Memphis selected Evolv Technologies to provide patron screening at Simmons Bank Liberty Stadium starting in the 2026 football season.
Evolv Technologies stock is down 2.1% on the day at $4.82.
All 17 analysts covering Evolv Technologies rate the stock a buy with a median price target of $10.

The University of Memphis has chosen Evolv Technologies as its Official Patron Screening Provider to help facilitate secure and efficient entry at Simmons Bank Liberty Stadium starting with the 2026 football season. The post was published by the company itself. On September 23, 2026, Evolv Technologies Holdings Inc announced it secured the contract to deploy its Evolv Express Gen2 screening systems for the venue, according to GuruFocus.

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Bearish chart structure as shares test weekly support

RSI at 37.4 is nearing oversold territory, an early sign the decline is getting stretched. Shares of Evolv Technologies remain below their MA-20, MA-50, and MA-200, indicating the daily chart structure is bearish. The nearest support is the weekly low at $4.79, which is currently being monitored by traders.

Further downside likely as weekly outlook stays negative

A close above $5.07 would show buyers are willing to follow through, while a drop below $4.79 would show the move is being faded. RSI at 37.4 shows the recent weakness is approaching a level where selling pressure may be limited. The move over the past week has been contained within a narrow range. Even so, over the next five trading days the probability of further downside is more than 80%, while the upside probability is less than 20%, with price expected to trade between $4.65 and $4.98. On the weekly chart the longer-term picture stays firmly negative.

Earlier, analysts noted that Evolv Technologies' shares remained under pressure as the stock traded below key moving averages amid a bearish technical structure. The latest contract with the University of Memphis adds another high-profile deployment but, with the downside probability increasing and shares testing new support near $4.79, traders should focus on sustained price action above this key level for any indications of technical improvement.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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