EATON VANCE T/M BUY-WRIT OPP (ETV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETV - US27828Y1082
Taking everything into account, ETV scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ETV is only an average performer.
Besides having an excellent technical rating, ETV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.28, a Stop Loss order could be placed below this zone.
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13.29
We found 2 important support areas.
- A support zone ranging from 13.64 to 14.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @13.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.37 to 14.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 ETV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETV is up. |
| ChartMill Relative Strength | 45.67 | 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 | POSITIVE | The current price of ETV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.98 | NEUTRAL | The RSI value for ETV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ETV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.78 | NEUTRAL | The Stochastics value for ETV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.32 | LOW VOLATILITY | The low ATR as a percentage value for ETV suggests low volalility. |
| Average Directional Index/ADX (14) | 13.83 | NEGATIVE | The low ADX value for ETV 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 |
|---|---|---|---|
| 14.38 | 14.02 | 0.35 (2.46%) | 25.00% |
| An entry @14.38. This is a Buy Stop order right above the 10 day moving average. | An exit @14.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.35 points, which is 2.46%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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EATON VANCE T/M BUY-WRIT OPP / ETV FAQ
What is the ChartMill technical rating of EATON VANCE T/M BUY-WRIT OPP (ETV) stock?
ChartMill assigns a technical rating of 7 / 10 to ETV.
What is the current trend direction of EATON VANCE T/M BUY-WRIT OPP (ETV) stock?
The current trend direction for EATON VANCE T/M BUY-WRIT OPP (ETV) is Bullish.
What is the RSI signal for EATON VANCE T/M BUY-WRIT OPP (ETV) stock?
EATON VANCE T/M BUY-WRIT OPP (ETV) has an RSI value of 52.9776. This indicates that the stock is currently neutral.
What is the short term momentum for ETV stock?
The short term momentum for EATON VANCE T/M BUY-WRIT OPP (ETV) is positive.
Can you provide the support and resistance levels for EATON VANCE T/M BUY-WRIT OPP?
EATON VANCE T/M BUY-WRIT OPP (ETV) has a support level at 14.28 and a resistance level at 14.37. Check the full technical report for our detailed analysis of ETV support and resistance levels.