EATON VANCE T/A GLBL DVD OPP (ETO) Stock Technical Analysis
NYSE:ETO - US27828U1060
Overall ETO gets a technical rating of 5 out of 10. ETO 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.
ETO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.36, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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22.46
We found 3 important support areas.
- A support zone ranging from 25.99 to 27.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.54 from a horizontal line in the daily time frame.
- Support @22.69 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.77 to 27.85. 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 | NEUTRAL | NEUTRAL | The short term trend for ETO is neutral. |
| ChartMill Relative Strength | 51.31 | NEUTRAL | ETO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ETO is above a declining 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) | 54.91 | 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) | 68.02 | NEUTRAL | The Stochastics value for ETO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for ETO suggests low volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for ETO suggests a weak or negative trend. |
NYSE:ETO (8/22/2025, 8:05:16 PM)
27.39
+0.29 (+1.07%)