Eaton Vance Massachusetts Municipal Bond Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Eaton Vance Massachusetts Municipal Bond stock price after Wednesday trading.
(Updated on May 01, 2024)
The Eaton Vance Massachusetts Municipal Bond stock price gained 1.66% on the last trading day (Wednesday, 1st May 2024), rising from £241.50 to £245.50. It has now gained 4 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 2.51% from a day low at £239.50 to a day high of £245.50. The price has risen in 8 of the last 10 days and is up by 7.68% over the past 2 weeks. Volume fell on the last day by -181 thousand shares and in total, 116 thousand shares were bought and sold for approximately £28.54 million. 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.
Given the current short-term trend, the stock is expected to fall -6.54% during the next 3 months and, with a 90% probability hold a price between £201.09 and £229.45 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MAB.L Signals & Forecast
Mostly positive signals in the chart today. The Eaton Vance Massachusetts Municipal Bond 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 £238.71 and £232.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 10.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Eaton Vance Massachusetts Municipal Bond stock
Eaton Vance Massachusetts Municipal Bond finds support from accumulated volume at £236.40 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 £6.00 between high and low, or 2.51%. For the last week the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: £235.85 (-3.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (MAB.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Eaton Vance Massachusetts Municipal Bond Fund Common Shares of Beneficial Interest, $.01 par value to open at £243.50, and during the day (based on 14 day Average True Range), to move between £239.18 and £251.82, which gives a possible trading interval of +/-£6.32 (+/-2.58%) up or down from last closing price. If Eaton Vance Massachusetts Municipal Bond Fund Common Shares of Beneficial Interest, $.01 par value takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £246.80 (0.53%) than the support at £236.40 (3.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Eaton Vance Massachusetts Municipal Bond Fund Common Shares of Beneficial Interest, $.01 par value stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.669 Buy Candidate Upgraded
Predicted Opening Price for Eaton Vance Massachusetts Municipal Bond Fund Common Shares of Beneficial Interest, $.01 par value of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £243.50 ( 0.81%) | £245.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAB.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 249.50 | 1.63 % | |
| R2 | 247.21 | 0.696 % | ||
| R1 | 245.79 | 0.119 % | ||
| Current price: | 245.50 | |||
| Support | S1 | 241.21 | -1.75 % | |
| S2 | 239.79 | -2.33 % | ||
| S3 | 237.50 | -3.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 250.40 | 2.00 % | |
| R2 | 248.80 | 1.34 % | ||
| R1 | 246.80 | 0.530 % | ||
| Current price | 245.50 | |||
| Support | S1 | 236.40 | -3.71% | |
| S2 | 236.00 | -3.87% | ||
| S3 | 228.00 | -7.13% |
MAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2017 | Dec 14, 2017 | Feb 06, 2018 | £4.51 | 2.11% |
| 2 | May 17, 2017 | May 25, 2017 | Jul 03, 2017 | £2.26 | 1.10% |
| 3 | Nov 22, 2016 | Dec 01, 2016 | Feb 07, 2017 | £4.51 | 1.92% |
| 4 | May 19, 2016 | May 26, 2016 | Jul 04, 2016 | £2.26 | 1.11% |
| 5 | Nov 24, 2015 | Dec 03, 2015 | Feb 09, 2016 | £4.51 | 1.94% |
FAQ
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