Eaton Vance Risk-Managed Diversified Stock Forecast
Green day on Tuesday for Eaton Vance Risk-Managed Diversified stock after gaining 0.454%
(Updated on Jul 02, 2024)
The Eaton Vance Risk-Managed Diversified stock price gained 0.454% on the last trading day (Tuesday, 2nd Jul 2024), rising from $8.82 to $8.86. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.91% from a day low at $8.80 to a day high of $8.88. The price has risen in 5 of the last 10 days and is up by 1.03% over the past 2 weeks. Volume fell on the last day by -115 thousand shares and in total, 107 thousand shares were bought and sold for approximately $944.11 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.09% during the next 3 months and, with a 90% probability hold a price between $9.17 and $9.64 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ETJ Signals & Forecast
The Eaton Vance Risk-Managed Diversified stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.78 and $8.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 9.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-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
The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-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 Risk-Managed Diversified stock
Eaton Vance Risk-Managed Diversified finds support from accumulated volume at $8.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0800 between high and low, or 0.91%. For the last week the stock has had daily average volatility of 0.95%
Our recommended stop-loss: $8.59 (-3.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (ETJ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Eaton Vance Risk-Managed Diversified Equity Income Fund to open at $8.85, and during the day (based on 14 day Average True Range), to move between $8.77 and $8.95, which gives a possible trading interval of +/-$0.0861 (+/-0.97%) up or down from last closing price. If Eaton Vance Risk-Managed Diversified Equity Income Fund takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $8.75, some $0.110 (1.24%) from the current price of $8.86, our system finds the risk reward attractive.
Is Eaton Vance Risk-Managed Diversified Equity Income Fund stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Eaton Vance Risk-Managed Diversified stock to perform well in the short-term.
Current score: 4.717 Buy Candidate Unchanged
Predicted Opening Price for Eaton Vance Risk-Managed Diversified Equity Income Fund of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$8.85 ( 0.150%) | $8.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETJ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.93 | 0.752% |
R2 | 8.90 | 0.408% |
R1 | 8.88 | 0.194% |
Price | 8.86 | |
S1 | 8.82 | -0.495% |
S2 | 8.80 | -0.709% |
S3 | 8.77 | -1.05% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 8.86 | |
S1 | 8.75 | -1.24% |
S2 | 8.44 | -4.74% |
S3 | 8.28 | -6.55% |
ETJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2024 | May 23, 2024 | May 31, 2024 | $0.0651 | 0.762% |
2 | Apr 01, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0651 | 0.794% |
3 | Mar 01, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0579 | 0.693% |
4 | Feb 01, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.0579 | 0.695% |
5 | Jan 02, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.0579 | 0.726% |
FAQ
Click here for our free guide on how to buy Eaton Vance Risk-Managed Diversified Equity Income Fund Stock.