EATON VANCE ENHANCED EQ INCM (EOI) Technical Analysis
NYSE:EOI • US2782741050
Taking everything into account, EOI scores 1 out of 10 in our technical rating. EOI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- EOI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EOI is performing more or less in line with the market.
- In the last month EOI has a been trading in the 19.44 - 20.77 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, EOI outperforms 51% of them, which is more or less in line with the market.
EOI has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.10
When analyzing the support we notice one important area.
- A support zone ranging from 19.29 to 19.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.07 to 20.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.42 to 21.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for EOI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EOI is down. |
| ChartMill Relative Strength | 51.16 | NEUTRAL | EOI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EOI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EOI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EOI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.69 | NEUTRAL | The RSI value for EOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests EOI has a negative trend. |
| Stochastics (14,3) | 38.14 | NEUTRAL | The Stochastics value for EOI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for EOI suggests low volalility. |
| Average Directional Index/ADX (14) | 27.77 | POSITIVE | The high ADX value value for EOI suggests a strong trend. |
EOI Technicals: Chart, Performance Metrics, Trend & Indicators
19.79
-0.21 (-1.05%)
EATON VANCE ENHANCED EQ INCM / EOI FAQ
What is the ChartMill technical rating of EATON VANCE ENHANCED EQ INCM (EOI) stock?
ChartMill assigns a technical rating of 1 / 10 to EOI.
What is the trend direction for EOI stock?
The current trend direction for EATON VANCE ENHANCED EQ INCM (EOI) is Bearish.
What is the RSI signal for EATON VANCE ENHANCED EQ INCM (EOI) stock?
EATON VANCE ENHANCED EQ INCM (EOI) has an RSI value of 36.6932. This indicates that the stock is currently neutral.
What is the MACD signal for EOI stock?
The MACD indicator for EATON VANCE ENHANCED EQ INCM (EOI) has a value of -0.0524302, indicating a bearish trend.
What is the support and resistance level for EOI stock?
EATON VANCE ENHANCED EQ INCM (EOI) has a support level at 19.29 and a resistance level at 20.07. Check the full technical report for our detailed analysis of EOI support and resistance levels.