EATON VANCE RSK-MGD DIVERS (ETJ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETJ - US27829G1067
Taking everything into account, ETJ scores 2 out of 10 in our technical rating. ETJ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ETJ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ETJ 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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8.55
When analyzing the support we notice one important area.
- A support zone ranging from 8.64 to 8.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.87 to 8.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 9.05 to 9.09. 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 ETJ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETJ is up. |
| ChartMill Relative Strength | 34.93 | NEUTRAL | ETJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ETJ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ETJ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.83 | NEUTRAL | The RSI value for ETJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ETJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.52 | OVERBOUGHT | The high Stochastics value suggests ETJ may be overbought. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for ETJ suggests low volalility. |
| Average Directional Index/ADX (14) | 11.49 | NEGATIVE | The low ADX value for ETJ suggests a weak or negative trend. |
8.82
-0.04 (-0.45%)
EATON VANCE RSK-MGD DIVERS / ETJ FAQ
Can you provide the ChartMill technical rating for EATON VANCE RSK-MGD DIVERS?
ChartMill assigns a technical rating of 2 / 10 to ETJ.
Can you provide the trend direction for EATON VANCE RSK-MGD DIVERS?
The current trend direction for EATON VANCE RSK-MGD DIVERS (ETJ) is Bearish.
Can you provide the RSI signal for EATON VANCE RSK-MGD DIVERS?
EATON VANCE RSK-MGD DIVERS (ETJ) has an RSI value of 53.8266. This indicates that the stock is currently neutral.
What is the short term momentum for EATON VANCE RSK-MGD DIVERS (ETJ) stock?
The short term momentum for EATON VANCE RSK-MGD DIVERS (ETJ) is positive.
Can you provide the support and resistance levels for EATON VANCE RSK-MGD DIVERS?
EATON VANCE RSK-MGD DIVERS (ETJ) has a support level at 8.82 and a resistance level at 8.87. Check the full technical report for our detailed analysis of ETJ support and resistance levels.