Eaton Vance Risk-Managed Diversified Stock Forecast

Eaton Vance Risk-Managed Diversified stock price ended at $8.33 on Tuesday, after gaining 0.301%.
(Updated on Apr 23, 2024)

ETJ Signals & Forecast

There are mixed signals in the stock today. The Eaton Vance Risk-Managed Diversified 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 $8.36. On a fall, the stock will find some support from the short-term average at $8.27. 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. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Eaton Vance Risk-Managed Diversified stock

Eaton Vance Risk-Managed Diversified finds support from accumulated volume at $8.31 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 0.97%. For the last week the stock has had daily average volatility of 1.04%

Our recommended stop-loss: $8.00 (-3.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (ETJ) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Eaton Vance Risk-Managed Diversified Equity Income Fund to open at $8.32, and during the day (based on 14 day Average True Range), to move between $8.24 and $8.41, which gives a possible trading interval of +/-$0.0873 (+/-1.05%) 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 2.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.31 (0.18%) than the resistance at $8.35 (0.30%), 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 Risk-Managed Diversified Equity Income Fund stock A Buy?

Eaton Vance Risk-Managed Diversified 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: 0.251 Hold/Accumulate Unchanged

Predicted Opening Price for Eaton Vance Risk-Managed Diversified Equity Income Fund of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.