EATON VANCE T/A GLBL DVD OPP (ETO) Stock Technical Analysis
NYSE:ETO - New York Stock Exchange, Inc. - US27828U1060 - Currency: USD
We assign a technical rating of 8 out of 10 to ETO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ETO is only an average performer.
Besides having an excellent technical rating, ETO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.01, a Stop Loss order could be placed below this zone.
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22.12
We found 2 important support areas.
- A support zone ranging from 25.07 to 26.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.34 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.08 to 26.55. 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 ETO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETO is up. |
| ChartMill Relative Strength | 61.48 | NEUTRAL | ETO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.83 | NEUTRAL | The RSI value for ETO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ETO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.68 | NEUTRAL | The Stochastics value for ETO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for ETO suggests low volalility. |
| Average Directional Index/ADX (14) | 10.74 | NEGATIVE | The low ADX value for ETO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.56 | 25.31 | 1.25 (4.71%) | 21.25% |
| An entry @26.56. This is a Buy Stop order right above the resistance zone. | An exit @25.31. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.25 points, which is 4.71%. | When investing 21.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.03
+0.28 (+1.09%)