EATON VANCE T/M BUY-WRIT OPP (ETV) Stock Technical Analysis
NYSE:ETV - New York Stock Exchange, Inc. - US27828Y1082 - Currency: USD
We assign a technical rating of 5 out of 10 to ETV. 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.
ETV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ETV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.65
2 important support areas can be observed.
- A support zone ranging from 12.98 to 13.51. 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 11.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.62 to 13.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 14.52 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 | UP | POSITIVE | The short term trend for ETV is up. |
| ChartMill Relative Strength | 50.87 | 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) | 61.07 | 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. |
| Stochastics (14,3) | 82.18 | OVERBOUGHT | The high Stochastics value suggests ETV may be overbought. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for ETV suggests low volalility. |
| Average Directional Index/ADX (14) | 12.45 | NEGATIVE | The low ADX value for ETV suggests a weak or negative trend. |
13.61
+0.06 (+0.44%)