EATON VANCE TAX-ADV DVD INC (EVT) Stock Technical Analysis
NYSE:EVT - New York Stock Exchange, Inc. - US27828G1076 - Currency: USD
Taking everything into account, EVT scores 8 out of 10 in our technical rating. Although EVT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, EVT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EVT 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.
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20.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.60 to 24.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.80 from a horizontal line in the daily time frame.
- Support @21.25 from a trend line in the weekly time frame.
- Support @20.80 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.11 to 24.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 EVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EVT is up. |
| ChartMill Relative Strength | 51.39 | NEUTRAL | EVT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EVT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.13 | NEUTRAL | The RSI value for EVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.14 | NEUTRAL | The Stochastics value for EVT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for EVT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.66 | NEGATIVE | The low ADX value for EVT 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 |
|---|---|---|---|
| 24.12 | 23.79 | 0.33 (1.38%) | 25.00% |
| An entry @24.12. This is a Buy Stop order right above the 10 day moving average. | An exit @23.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.33 points, which is 1.38%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EVT. Please evaluate whether better entry and exit points can be found.
- 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.
24.05
+0.08 (+0.33%)