EFL Stock Forecast and Technical Analysis
Buy or Hold candidate since 2020-02-13 PDF
No changes to the price of Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest in the last trading day ( Tuesday, 25th Feb 2020 ). During the day the stock fluctuated 1.05% from a day low at $9.54 to a day high of $9.64. The price has been going up and down for this period, and there has been a -1.54% loss for the last 2 weeks.
EFL Stock Price Summary
- 30 day high of the EFL stock price was $9.75 and low was $9.46.
- 90 day high was $9.75 and low was $9.11.
- 52 week high for Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest - $9.75 and low - $9.05.
Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $9.53 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.15% during the next 3 months and, with 90% probability hold a price between $9.92 and $10.22 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday February 12, 2020, which indicates further gains 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. Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $9.57. On a fall, the stock will find some support from the short-term average at $9.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
* 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.
EFL Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 44 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.
EFL Support & Resistance
Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest finds support from accumulated volume at $9.35.
EFL Stock Risk
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $9.00 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)
0.66 %Average volatility
Very Low Low Medium High Very High
EFL Stock Evaluation
Eaton Vance Floating-Rate 2022 Target Term Trust of Beneficial Interest 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 hold candidate (hold or accumulate) in this position whilst awaiting further development.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.