EATON VANCE T/M GLBL BUY-WR (ETW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ETW - US27829C1053
Overall ETW gets a technical rating of 6 out of 10. Although ETW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ETW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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 9.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.16, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ETW in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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8.49
We found 1 important support area.
- A support zone ranging from 8.58 to 9.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.21 to 9.24. 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 ETW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETW is neutral. |
| ChartMill Relative Strength | 58.08 | NEUTRAL | ETW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.34 | NEUTRAL | The RSI value for ETW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ETW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for ETW is a neutral value. |
| Average True Range in percent/ATR (20) | 0.86 | LOW VOLATILITY | The low ATR as a percentage value for ETW suggests low volalility. |
| Average Directional Index/ADX (14) | 11.37 | NEGATIVE | The low ADX value for ETW 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 |
|---|---|---|---|
| 9.25 | 9.06 | 0.19 (2.05%) | 25.00% |
| An entry @9.25. This is a Buy Stop order right above the resistance zone. | An exit @9.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 2.05%. | For a 0.51% 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.
9.18
+0.03 (+0.33%)
EATON VANCE T/M GLBL BUY-WR / ETW FAQ
Can you provide the ChartMill technical rating for EATON VANCE T/M GLBL BUY-WR?
ChartMill assigns a technical rating of 6 / 10 to ETW.
What is the trend direction for ETW stock?
The current trend direction for EATON VANCE T/M GLBL BUY-WR (ETW) is Bullish.
Can you provide the RSI signal for EATON VANCE T/M GLBL BUY-WR?
EATON VANCE T/M GLBL BUY-WR (ETW) has an RSI value of 56.3445. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EATON VANCE T/M GLBL BUY-WR?
The MACD indicator for EATON VANCE T/M GLBL BUY-WR (ETW) has a value of -0.00241864, indicating a bearish trend.