Eaton Vance Senior Floating-Rate Fund Stock Forecast
Green day on Tuesday for Eaton Vance Senior Floating-Rate Fund stock after gaining 0.457%
(Updated on May 07, 2024)
The Eaton Vance Senior Floating-Rate Fund stock price gained 0.457% on the last trading day (Tuesday, 7th May 2024), rising from $13.13 to $13.19. During the last trading day the stock fluctuated 0.551% from a day low at $13.17 to a day high of $13.24. The price has risen in 6 of the last 10 days and is up by 0.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 88 thousand shares were bought and sold for approximately $1.16 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Eaton Vance Senior Floating-Rate Fund stock with a 90% probability to be traded between $12.98 and $13.41 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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EFR Signals & Forecast
Mostly positive signals in the chart today. The Eaton Vance Senior Floating-Rate Fund 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 $13.12 and $13.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 2.57%. 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). Eaton Vance Senior Floating-Rate Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-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.
A buy signal from a double bottom formation was found on Wednesday, April 03, 2024 with a target of $13.16. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Eaton Vance Senior Floating-Rate Fund stock
Eaton Vance Senior Floating-Rate Fund finds support from accumulated volume at $13.09 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 $0.0725 between high and low, or 0.551%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: $12.45 (-5.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (EFR) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Eaton Vance Senior Floating-Rate Fund to open at $13.20, and during the day (based on 14 day Average True Range), to move between $13.07 and $13.31, which gives a possible trading interval of +/-$0.119 (+/-0.90%) up or down from last closing price. If Eaton Vance Senior Floating-Rate Fund takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.24 (0.38%) than the support at $13.09 (0.76%), 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 Senior Floating-Rate Fund stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Eaton Vance Senior Floating-Rate Fund stock to perform well in the short-term period.
Current score: 2.613 Buy Candidate Unchanged
Predicted Opening Price for Eaton Vance Senior Floating-Rate Fund of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $13.20 ( 0.0569%) | $13.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.27 | 0.607 % | |
| R2 | 13.24 | 0.397 % | ||
| R1 | 13.23 | 0.267 % | ||
| Current price: | 13.19 | |||
| Support | S1 | 13.17 | -0.153 % | |
| S2 | 13.15 | -0.283 % | ||
| S3 | 13.13 | -0.493 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 13.24 | 0.379 % | ||
| Current price | 13.19 | |||
| Support | S1 | 13.09 | -0.758% | |
| S2 | 13.03 | -1.21% | ||
| S3 | 12.99 | -1.52% |
EFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 31, 2024 | $0.121 | 0.92% |
| 2 | Apr 01, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.121 | 0.93% |
| 3 | Mar 01, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.121 | 0.93% |
| 4 | Feb 01, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.121 | 0.93% |
| 5 | Dec 18, 2023 | Dec 27, 2023 | Jan 15, 2024 | $0.121 | 0.95% |
FAQ
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