EATON VANCE T/A GL DVD INCM (ETG) Stock Technical Analysis
NYSE:ETG - US27828S1015
Taking everything into account, ETG scores 5 out of 10 in our technical rating. In the last year, ETG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
ETG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ETG 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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16.88
We found 4 important support areas.
- A support zone ranging from 19.95 to 20.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.91 from a horizontal line in the daily time frame.
- Support @17.35 from a trend line in the weekly time frame.
- Support @17.05 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.71 to 21.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ETG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETG is neutral. |
| ChartMill Relative Strength | 56.1 | NEUTRAL | ETG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ETG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ETG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.16 | NEUTRAL | The RSI value for ETG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ETG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.35 | NEUTRAL | The Stochastics value for ETG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for ETG suggests low volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for ETG suggests a weak or negative trend. |
NYSE:ETG (8/25/2025, 9:53:14 AM)
20.71
-0.03 (-0.14%)