EATON VANCE T/M BUY-WRIT OPP (ETV) Technical Analysis
NYSE:ETV • US27828Y1082
Current stock price
ETV Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to ETV. ETV has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- 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.
- In the last month ETV has a been trading in the 13.13 - 14.63 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, ETV outperforms 49% of them, which is more or less in line with the market.
ETV Weekly and Daily overview Charts
ETV Setup Rating and Analysis
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 14.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.38, a Stop Loss order could be placed below this zone.
More info and screens
ETV Support and Resistance Analysis
13.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.06 to 14.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.62 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.14 to 13.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 14.44 to 14.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ETV Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for ETV is up. |
| ChartMill Relative Strength | 49.88 | 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) | DOWN | MIXED | The current price of ETV is above a declining 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) | 56.59 | NEUTRAL | The RSI value for ETV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ETV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.96 | OVERBOUGHT | The high Stochastics value suggests ETV may be overbought. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for ETV suggests low volalility. |
| Average Directional Index/ADX (14) | 19.86 | NEGATIVE | The low ADX value for ETV suggests a weak or negative trend. |
ETV Chart- and CandleStick Pattern Analysis
ETV Technicals: Chart, Performance Metrics, Trend & Indicators
14.4
-0.01 (-0.07%)
EATON VANCE T/M BUY-WRIT OPP / ETV TA FAQ
What is the ChartMill technical rating of EATON VANCE T/M BUY-WRIT OPP (ETV) stock?
ChartMill assigns a technical rating of 4 / 10 to ETV.
What is the trend direction for ETV stock?
The current trend direction for EATON VANCE T/M BUY-WRIT OPP (ETV) is Bearish.
Can you provide the RSI signal for EATON VANCE T/M BUY-WRIT OPP?
EATON VANCE T/M BUY-WRIT OPP (ETV) has an RSI value of 56.5922. This indicates that the stock is currently neutral.
What is the short term momentum for EATON VANCE T/M BUY-WRIT OPP (ETV) stock?
The short term momentum for EATON VANCE T/M BUY-WRIT OPP (ETV) is positive.