EATON VANCE MUNICIPAL BOND (EIM)
US27827X1019
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.
Both the short term and long term trends are positive. This is a very positive sign.
EIM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, EIM outperforms 48% of them, which is more or less in line with the market.
EIM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EIM is lagging the market.
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.
- 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.
More info and screens
8.54
10.78
We found 2 important support areas.
- A support zone ranging from 9.51 to 9.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.63 to 8.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @9.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.81 to 9.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @10.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.62 to 10.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.4
Mansfield-1.03
10 Day High9.62
10 Day Low9.23
20 Day High9.62
20 Day Low8.69
52 Week High10.7
52 Week Low8.61
Performance
1 Week-0.1%
2 Weeks3.68%
1 Month9.91%
3 Month-0.21%
6 Month-2.64%
12 Month-6.44%
2 Year-28.8%
3 Year-27.51%
5 Year-14.14%
10 Year-12.74%
15 Year7.51%
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)
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)0.04
RSI(14)72.76
LBB9.08
UBB9.76
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.62 | 9.50 | 0.12 (1.25%) | 25.00% |
| 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. |
- The distance between exit and entry is rather small compared to the average daily movement of EIM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EATON VANCE MUNICIPAL BOND
NYSEARCA:EIM (11/27/2023, 7:04:00 PM)
9.59
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week-0.1%
2 Weeks3.68%
1 Month9.91%
3 Month-0.21%
6 Month-2.64%
12 Month-6.44%
2 Year-28.8%
3 Year-27.51%
5 Year-14.14%
10 Year-12.74%
15 Year7.51%
Volatility
ATR(14)0.09
ATR(20)%1.06%
ATR Inc-52.36%
Range Today0.04
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.4
Mansfield-1.03
10 Day High9.62
10 Day Low9.23
20 Day High9.62
20 Day Low8.69
52 Week High10.7
52 Week Low8.61
CS1 End9.51
CR1 Start9.61
Volume & EV
DER(3)-2.12%
DER(5)-1.17%
Volume219.20K
Volume Incr-25.04%
Vol(5)157.22K
Vol(50)191.08K