Eaton Vance Risk-Managed Diversified Stock Forecast
Eaton Vance Risk-Managed Diversified stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Eaton Vance Risk-Managed Diversified stock price gained 0.86% on the last trading day (Friday, 26th Apr 2024), rising from $8.12 to $8.19. During the last trading day the stock fluctuated 1.14% from a day low at $8.16 to a day high of $8.25. The price has been going up and down for this period, and there has been a -2.03% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 214 thousand shares were bought and sold for approximately $1.75 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $8.12 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Eaton Vance Risk-Managed Diversified stock with a 90% probability to be traded between $8.28 and $8.63 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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ETJ Signals & Forecast
The Eaton Vance Risk-Managed Diversified stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $8.24 and $8.34. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.86%. 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.
Support, Risk & Stop-loss for Eaton Vance Risk-Managed Diversified stock
Eaton Vance Risk-Managed Diversified finds support from accumulated volume at $8.04 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0927 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: $7.71 (-5.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ETJ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Eaton Vance Risk-Managed Diversified Equity Income Fund to open at $8.20, and during the day (based on 14 day Average True Range), to move between $8.09 and $8.29, which gives a possible trading interval of +/-$0.0975 (+/-1.19%) 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 2.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.04 (1.83%) than the resistance at $8.35 (1.95%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.643 Buy Candidate Upgraded
Predicted Opening Price for Eaton Vance Risk-Managed Diversified Equity Income Fund of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $8.20 ( 0.111%) | $8.19 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 8.29 | 1.24 % | |
| R2 | 8.26 | 0.81 % | ||
| R1 | 8.23 | 0.543 % | ||
| Current price: | 8.19 | |||
| Support | S1 | 8.16 | -0.321 % | |
| S2 | 8.14 | -0.588 % | ||
| S3 | 8.11 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.40 | 2.56 % | |
| R2 | 8.36 | 2.08 % | ||
| R1 | 8.35 | 1.95 % | ||
| Current price | 8.19 | |||
| Support | S1 | 8.04 | -1.83% | |
| S2 | 8.03 | -1.95% | ||
| S3 | 7.97 | -2.69% |
ETJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0651 | 0.795% |
| 2 | Mar 01, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0579 | 0.693% |
| 3 | Feb 01, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.0579 | 0.695% |
| 4 | Jan 02, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.0579 | 0.726% |
| 5 | Dec 01, 2023 | Dec 21, 2023 | Dec 29, 2023 | $0.0579 | 0.739% |
FAQ
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