Eaton Vance Tax-Advantaged Global Stock Forecast
Eaton Vance Tax-Advantaged Global stock price ended at $17.58 on Friday, after gaining 1.21%.
(Updated on Apr 26, 2024)
The Eaton Vance Tax-Advantaged Global stock price gained 1.21% on the last trading day (Friday, 26th Apr 2024), rising from $17.37 to $17.58. During the last trading day the stock fluctuated 0.97% from a day low at $17.52 to a day high of $17.69. The price has fallen in 7 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 50 thousand more shares were traded than the day before. In total, 140 thousand shares were bought and sold for approximately $2.45 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Eaton Vance Tax-Advantaged Global stock with a 90% probability to be traded between $17.04 and $18.28 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ETG Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.11%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eaton Vance Tax-Advantaged Global stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.86. On a fall, the stock will find some support from the short-term average at $17.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, June 01, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, June 01, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Eaton Vance Tax-Advantaged Global stock
Eaton Vance Tax-Advantaged Global finds support from accumulated volume at $17.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.170 (0.97%) between high and low. For the last week, the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: $16.64 (-5.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (ETG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Eaton Vance Tax-Advantaged Global Dividend Income Fund to open at $17.60, and during the day (based on 14 day Average True Range), to move between $17.34 and $17.82, which gives a possible trading interval of +/-$0.241 (+/-1.37%) up or down from last closing price. If Eaton Vance Tax-Advantaged Global Dividend Income Fund takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.57 (0.06%) than the resistance at $17.76 (1.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eaton Vance Tax-Advantaged Global Dividend Income Fund stock A Buy?
Eaton Vance Tax-Advantaged Global holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.159 Hold/Accumulate Unchanged
Predicted Opening Price for Eaton Vance Tax-Advantaged Global Dividend Income Fund of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$17.60 ( 0.0948%) | $17.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.77 | 1.06 % | |
R2 | 17.70 | 0.692 % | ||
R1 | 17.66 | 0.464 % | ||
Current price: | 17.58 | |||
Support | S1 | 17.53 | -0.275 % | |
S2 | 17.49 | -0.503 % | ||
S3 | 17.43 | -0.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.12 | 3.07 % | |
R2 | 18.03 | 2.56 % | ||
R1 | 17.76 | 1.02 % | ||
Current price | 17.58 | |||
Support | S1 | 17.57 | -0.0569% | |
S2 | 17.30 | -1.59% | ||
S3 | 17.19 | -2.22% |
ETG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.129 | 0.735% |
2 | Mar 01, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.100 | 0.548% |
3 | Feb 01, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.100 | 0.562% |
4 | Jan 02, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.100 | 0.579% |
5 | Dec 01, 2023 | Dec 21, 2023 | Dec 29, 2023 | $0.100 | 0.585% |
FAQ
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