EATON VANCE T/M BUY-WRIT OPP (ETV) Stock Technical Analysis
NYSE:ETV - US27828Y1082
13.85 USD
+0.09 (+0.65%)
13.83 USD
-0.02 (-0.14%)
Taking everything into account, ETV scores 6 out of 10 in our technical rating. Although ETV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ETV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ETV is lagging the market slightly.
When compared to the yearly performance of all other stocks, ETV outperforms 46% of them, which is more or less in line with the market.
In the last month ETV has a been trading in a tight range between 13.58 and 14.11.
Although the technical rating is only medium, ETV does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 13.77, a Stop Loss order could be placed below this zone.
More info and screens
11.84
14.79
2 important support areas can be observed.
- A support zone ranging from 13.42 to 13.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.86 to 14.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.48 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 | UP | POSITIVE | The long term trend for ETV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETV is neutral. |
| ChartMill Relative Strength | 46.07 | NEUTRAL | ETV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ETV is below 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) | 50.56 | NEUTRAL | The RSI value for ETV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ETV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.83 | NEUTRAL | The Stochastics value for ETV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for ETV suggests low volalility. |
| Average Directional Index/ADX (14) | 14.86 | NEGATIVE | The low ADX value for ETV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 14.05 | 13.67 | 0.38 (2.70%) | 25.00% |
| An entry @14.05. This is a Buy Stop order right above the resistance zone. | An exit @13.67. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.38 points, which is 2.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- 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.
13.85
+0.09 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.65%
1 Week0.14%
2 Weeks-0.86%
1 Month0.51%
3 Month4.53%
6 Month-3.89%
12 Month3.13%
2 Year8.88%
3 Year-6.29%
5 Year-6.1%
10 Year-2.74%
15 Year3.67%
Volatility
ATR(14)0.15
ATR(20)%1.07%
ATR Inc17.87%
Range Today0.2
ADR(20)0.14
ADR(20)%0.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.07
Mansfield-0.83
10 Day High14.11
10 Day Low13.68
20 Day High14.11
20 Day Low13.58
52 Week High14.64
52 Week Low10.64
CS1 End13.77
CR1 Start13.86
Volume & EV
DER(3)-4.7%
DER(5)-3.9%
Volume119.50K
Volume Incr-10.75%
Vol(5)157.12K
Vol(50)171.33K