EATON VANCE TAX MAN GLBL BR (ETW)       7.8  -0.22 (-2.74%)

7.8  -0.22 (-2.74%)

US27829C1053

Technical Rating

1

We assign a technical rating of 1 out of 10 to ETW. ETW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



When compared to the yearly performance of all other stocks, ETW outperforms 41% of them, which is more or less in line with the market.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
ETW is currently making a new 52 week low. This is a very bad signal. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month ETW has a been trading in the 7.72 - 9.28 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -13.91% -7.58% -23.68% -28.24% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 41.36 7.72 - 11.3
ETW Weekly chart
ETW Daily chart

Support/Resistance Analysis


7.72

11.44
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 8.53 to 8.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 8.89 to 8.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @9.48 from a horizontal line in the daily time frame.
  • Resistance @11.33 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

1

The technical rating of ETW is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


ETW Daily chart

EATON VANCE TAX MAN GLBL BR7.8

NYSE:ETW (9/26/2022, 7:04:00 PM)-0.22 (-2.74%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -2.74% 1 Week -9.51%
2 Weeks -14.57% 1 Month -13.91%
3 Month -7.58% 6 Month -23.68%
Volatility
ATR(14) 0.23 ATR(20)% 3.24%
ATR Inc 40.57% Range Today 0.32
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 41.36 Mansfield -0.61
10 Day High 9.14 10 Day Low 7.72
20 Day High 9.28 20 Day Low 7.72
52 Week High 11.3 52 Week Low 7.72
CS1 End N/A CR1 Start 8.53
Volume & EV
DER(3) -5.03% DER(5) -1.88%
Volume 252.50K Volume Incr 11.67%
Vol(5) 231.18K Vol(50) 257.61K

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