EFL stock forecast Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest

EFL stock forecast

Friday January 17, 2020 Change -0.15% Price $9.58
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

EFL Forecast and Technical Stock Analysis


Buy candidate since 2020-01-16 Loss -0.15% PDF

Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest fell by -0.15% in the last day ( Friday, 17th Jan 2020 ) from $9.59 to $9.58 During the day the stock fluctuated 0.84% from a day low at $9.50 to a day high of $9.58. The price has risen in 7 of the last 10 days and is up by 2.96% over the past 2 weeks. Volume has increased in the last day by 16 722 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 75 974 shares bought and sold for approximately $727 497.00.

Quick summary:

  • 30 day high of the EFL stock price was $9.65 and low was $9.25.
  • 90 day high was $9.65 and low was $9.05.
  • 52 week high for Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest - $9.65 and low - $8.80.
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Trend

Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest lies in the middle of a narrow and 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 2.88% during the next 3 months and, with 90% probability hold a price between $9.53 and $9.97 at the end of this period.

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Signals

Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest holds buy signals from both short- and long-term moving averages. In addition, 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 $9.57 and $9.41. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday January 14, 2020, which indicates further falls until a new bottom pivot has been found. Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

The stock had a Golden Star Signal* on Friday November 29, 2019 in the medium-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.
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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 58 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest finds support from accumulated volume at $9.38.

Support: $9.38 Price: $9.58 Resistance: $9.59

Risk

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 $0.08 (0.84%) between high and low. For the last week, the stock has had daily average volatility of 0.91%.

Our recommended stop-loss: $9.27 (-3.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 day(s) ago.)

0.91 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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 this stock to perform well in the short-term.

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Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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