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EATON VANCE FLOATING-RATE 20 (EFL) Stock Technical Analysis

NYSE:EFL - New York Stock Exchange, Inc. - US27831H1005 - Currency: USD

8.63  -0.01 (-0.12%)

After market: 8.63 0 (0%)

Technical Rating and Analysis

5

We assign a technical rating of 5 out of 10 to EFL. Although EFL has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.

EFL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EFL is lagging the market.
Looking at the yearly performance, EFL did better than 74% of all other stocks.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month EFL has a been trading in a tight range between 8.58 and 8.65.

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Weekly and Daily overview Charts
EATON VANCE FLOATING-RATE 20 / EFL Weekly stock chart
EATON VANCE FLOATING-RATE 20 / EFL Daily stock chart
Setup Rating and Analysis

8

EFL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 8.63, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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Support and Resistance Analysis

8.34

9.74

When analyzing the support we notice one important area.

  • A support zone ranging from 8.42 to 8.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

2 important resistance areas can be observed.

  • A resistance zone ranging from 8.80 to 8.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 9.39 to 9.64. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.86
Mansfield0.54
10 Day High8.65
10 Day Low8.6
20 Day High8.65
20 Day Low8.58
52 Week High9.58
52 Week Low8.39
Performance
1 Week-0.12%
2 Weeks0.35%
1 Month0.47%
3 Month-0.29%
6 Month-5.89%
12 Month-7.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)57.22
LBB8.59
UBB8.65

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EATON VANCE FLOATING-RATE 20 / EFL Daily stock chart

EATON VANCE FLOATING-RATE 20

NYSE:EFL (10/25/2022, 8:04:00 PM)

After market: 8.63 0 (0%)

8.63

-0.01 (-0.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.12%
1 Week-0.12%
2 Weeks0.35%
1 Month0.47%
3 Month-0.29%
6 Month-5.89%
12 Month-7.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.23%
ATR Inc-1.61%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.86
Mansfield0.54
10 Day High8.65
10 Day Low8.6
20 Day High8.65
20 Day Low8.58
52 Week High9.58
52 Week Low8.39
CS1 End8.63
CR1 Start8.8
Volume & EV
DER(3)-2.02%
DER(5)-0.66%
Volume88.40K
Volume Incr-27.45%
Vol(5)65.36K
Vol(50)65.52K