EATON VANCE T/A GL DVD INCM (ETG) Stock Technical Analysis
USA - NYSE:ETG - US27828S1015
21.07 USD
+0.02 (+0.1%)
21.22 USD
+0.15 (+0.71%)
We assign a technical rating of 5 out of 10 to ETG. ETG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ETG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, ETG turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
In the last month ETG has a been trading in a tight range between 20.33 and 21.24.
Although the technical rating is only medium, ETG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.03, a Stop Loss order could be placed below this zone.
More info and screens
16.88
21.48
We found 4 important support areas.
- A support zone ranging from 20.67 to 21.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.95 to 20.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.48 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 21.21 to 21.27. 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 | 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 | 56.48 | NEUTRAL | ETG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ETG is above a declining 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) | 56.94 | NEUTRAL | The RSI value for ETG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ETG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ETG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for ETG suggests low volalility. |
| Average Directional Index/ADX (14) | 12.29 | NEGATIVE | The low ADX value for ETG suggests a weak or negative trend. |
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)
21.07
+0.02 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week-0.47%
2 Weeks0.67%
1 Month2.18%
3 Month5.51%
6 Month13.48%
12 Month11.08%
2 Year36.87%
3 Year39.5%
5 Year41.56%
10 Year42.23%
15 Year49.93%
Volatility
ATR(14)0.21
ATR(20)%0.99%
ATR Inc23.4%
Range Today0.08
ADR(20)0.2
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.48
Mansfield-0.24
10 Day High21.24
10 Day Low20.74
20 Day High21.24
20 Day Low20.33
52 Week High21.31
52 Week Low15.04
CS1 End21.03
CR1 Start21.21
Volume & EV
DER(3)1.86%
DER(5)0.52%
Volume56.60K
Volume Incr-0.9%
Vol(5)79.72K
Vol(50)90.42K