EATON VANCE MUNI INC TR (EVN) Stock Technical Analysis
NYSE:EVN - New York Stock Exchange, Inc. - US27826U1088 - Currency: USD
Overall EVN gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. EVN was also a bad performer in the overall market in the last year.
EVN has a bad technical rating, but it does show a decent setup pattern. 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 10.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.24, a Stop Loss order could be placed below this zone.
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9.71
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.10 to 10.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.81 to 9.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.25 to 10.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.79 to 10.79. 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 | DOWN | NEGATIVE | The long term trend for EVN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EVN is neutral. |
| ChartMill Relative Strength | 38.66 | NEUTRAL | EVN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EVN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.26 | NEUTRAL | The RSI value for EVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EVN has a negative trend. |
| Stochastics (14,3) | 62.22 | NEUTRAL | The Stochastics value for EVN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for EVN suggests low volalility. |
| Average Directional Index/ADX (14) | 8.21 | NEGATIVE | The low ADX value for EVN suggests a weak or negative trend. |
NYSE:EVN (6/20/2025, 8:04:00 PM)
10.24
-0.01 (-0.1%)