EATON VANCE T/M BUY-WRT INC (ETB) Stock Technical Analysis
NYSE:ETB - New York Stock Exchange, Inc. - US27828X1000 - Currency: USD
Taking everything into account, ETB scores 5 out of 10 in our technical rating. ETB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, ETB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 13.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ETB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.78 to 13.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.33 to 12.43. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @14.01 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.28 to 15.29. 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 ETB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETB is up. |
| ChartMill Relative Strength | 43.14 | NEUTRAL | ETB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.66 | NEUTRAL | The RSI value for ETB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ETB has a positive trend. |
| Stochastics (14,3) | 86.96 | OVERBOUGHT | The high Stochastics value suggests ETB may be overbought. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for ETB suggests low volalility. |
| Average Directional Index/ADX (14) | 12.49 | NEGATIVE | The low ADX value for ETB suggests a weak or negative trend. |
NYSE:ETB (6/3/2025, 7:00:00 PM)
14.01
+0.02 (+0.14%)