EATON VANCE T/M GLBL BUY-WR (ETW) Stock Technical Analysis
NYSE:ETW - New York Stock Exchange, Inc. - US27829C1053 - Currency: USD
Taking everything into account, ETW scores 6 out of 10 in our technical rating. ETW has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
ETW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ETW is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, ETW outperforms 48% of them, which is more or less in line with the market.
In the last month ETW has a been trading in a tight range between 8.17 and 8.42.
Considerably lower volume is observed in the last couple of days.
ETW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 8.37, a Stop Loss order could be placed below this zone.
More info and screens
7.43
8.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.26 to 8.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.71 from a horizontal line in the weekly time frame.
- A support zone ranging from 7.50 to 7.57. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Strong resistance @8.53 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.68 to 8.72. 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 | UP | POSITIVE | The short term trend for ETW is up. |
| ChartMill Relative Strength | 48.48 | 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 | MIXED | The current price of ETW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.08 | NEUTRAL | The RSI value for ETW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ETW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.88 | OVERBOUGHT | The high Stochastics value suggests ETW may be overbought. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for ETW suggests low volalility. |
| Average Directional Index/ADX (14) | 9.17 | NEGATIVE | The low ADX value for ETW 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 |
|---|---|---|---|
| 8.54 | 8.25 | 0.29 (3.40%) | 25.00% |
| An entry @8.54. This is a Buy Stop order right above the resistance zone. | An exit @8.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.29 points, which is 3.40%. | For a 0.85% 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.
NYSE:ETW (6/2/2025, 8:04:00 PM)
8.39
-0.02 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.24%
1 Week1.08%
2 Weeks0.72%
1 Month1.94%
3 Month-1.06%
6 Month-3.23%
12 Month1.57%
2 Year2.07%
3 Year0.96%
5 Year-3.01%
10 Year-28.96%
15 Year-25.16%
Volatility
ATR(14)0.08
ATR(20)%1.08%
ATR Inc-2.34%
Range Today0.09
ADR(20)0.08
ADR(20)%0.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.48
Mansfield-0.34
10 Day High8.42
10 Day Low8.22
20 Day High8.42
20 Day Low8.17
52 Week High8.74
52 Week Low6.93
CS1 End8.37
CR1 Start8.53
Volume & EV
DER(3)2.26%
DER(5)-0.02%
Volume294.80K
Volume Incr-18.12%
Vol(5)253.58K
Vol(50)419.63K