EATON VANCE T/M BUY-WRIT OPP (ETV) Stock Technical Analysis
NYSE:ETV - New York Stock Exchange, Inc. - US27828Y1082 - Currency: USD
Taking everything into account, ETV scores 4 out of 10 in our technical rating. In the past year, ETV was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, ETV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 13.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.49, 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.
More info and screens
11.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.15 to 13.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.77 to 11.89. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.61 to 13.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 14.54 to 14.64. 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 ETV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETV is neutral. |
| ChartMill Relative Strength | 40.7 | NEUTRAL | ETV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.31 | NEUTRAL | The RSI value for ETV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ETV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.45 | NEUTRAL | The Stochastics value for ETV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for ETV suggests low volalility. |
| Average Directional Index/ADX (14) | 8.54 | NEGATIVE | The low ADX value for ETV suggests a weak or negative trend. |
NYSE:ETV (6/23/2025, 8:08:03 PM)
13.51
+0.11 (+0.82%)