EATON VANCE T/A GL DVD INCM (ETG) Stock Technical Analysis
USA - NYSE:ETG - US27828S1015
21.84 USD
-0.22 (-1%)
21.88 USD
+0.04 (+0.18%)
Taking everything into account, ETG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ETG has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
When comparing the yearly performance of all stocks, we notice that ETG is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by ETG over the past year are nicely spread over this period.
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.
In the last month ETG has a been trading in the 21.05 - 22.47 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.
ETG has an excellent technical rating, but the quality of the setup is 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
16.88
22.66
4 important support areas can be observed.
- A support zone ranging from 21.11 to 21.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @20.67 from a horizontal line in the daily time frame.
- 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 @17.05 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.88 to 22.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.44 from a horizontal line in the daily time frame.
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 | 72.88 | POSITIVE | ETG has a high relative strength, it outperformed 72.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ETG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETG is above 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) | 51.35 | NEUTRAL | The RSI value for ETG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ETG has a negative trend. |
| Stochastics (14,3) | 63.23 | NEUTRAL | The Stochastics value for ETG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for ETG suggests low volalility. |
| Average Directional Index/ADX (14) | 12.54 | 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)
21.84
-0.22 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1%
1 Week0.37%
2 Weeks-0.73%
1 Month2.25%
3 Month5.61%
6 Month9.58%
12 Month15.13%
2 Year32.12%
3 Year35.32%
5 Year28.7%
10 Year34.07%
15 Year58.84%
Volatility
ATR(14)0.33
ATR(20)%1.46%
ATR Inc88.07%
Range Today0.71
ADR(20)0.3
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.88
3 months CRS73.89
6 months CRS64.83
Mansfield0.02
10 Day High22.47
10 Day Low21.5
20 Day High22.47
20 Day Low21.05
52 Week High22.47
52 Week Low15.04
CS1 End21.46
CR1 Start21.88
Volume & EV
DER(3)4.94%
DER(5)9.73%
Volume79.90K
Volume Incr-13.55%
Vol(5)97.90K
Vol(50)101.28K
EATON VANCE T/A GL DVD INCM / ETG FAQ
What is the technical rating for ETG stock?
ChartMill assigns a technical rating of 9 / 10 to ETG.
What is the trend direction for ETG stock?
The current trend direction for EATON VANCE T/A GL DVD INCM (ETG) is Bullish.
Can you provide the RSI signal for EATON VANCE T/A GL DVD INCM?
EATON VANCE T/A GL DVD INCM (ETG) has an RSI value of 51.3454. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EATON VANCE T/A GL DVD INCM?
The MACD indicator for EATON VANCE T/A GL DVD INCM (ETG) has a value of -0.0118092, indicating a bearish trend.