9.59 +0.01 (+0.1%)
Taking everything into account, EIM scores 7 out of 10 in our technical rating. EIM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, EIM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 9.51, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
We found 2 important support areas.
We can see 4 important resistance areas.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
|An entry @9.62. This is a Buy Stop order right above the resistance zone.||An exit @9.50. This is a Stop Loss order right below the support zone.||The worst case loss on the trade is limited to 0.12 points, which is 1.25%.||For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade.|
EATON VANCE MUNICIPAL BOND
NYSEARCA:EIM (11/27/2023, 7:04:00 PM)