RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EOT
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Green day on Wednesday for Eaton Vance Municipal Income Trust stock after gaining 0.0601%
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 PDF

The Eaton Vance Municipal Income Trust stock price gained 0.0601% on the last trading day (Wednesday, 27th Mar 2024), rising from $16.64 to $16.65. During the last trading day the stock fluctuated 0.482% from a day low at $16.61 to a day high of $16.69. The price has risen in 5 of the last 10 days but is still down by -0.42% for this period. Volume fell on the last day by -4 thousand shares and in total, 29 thousand shares were bought and sold for approximately $477.24 thousand. 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.

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 Municipal Income Trust stock with a 90% probability to be traded between $16.22 and $16.92 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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EOT Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 0.483%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eaton Vance Municipal Income Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $16.78. On a fall, the stock will find some support from the short-term average at $16.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Eaton Vance Municipal Income Trust stock

Eaton Vance Municipal Income Trust finds support from accumulated volume at $16.64 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0800 between high and low, or 0.482%. For the last week the stock has had daily average volatility of 0.476%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EOT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Eaton Vance Municipal Income Trust to open at $16.65, and during the day (based on 14 day Average True Range), to move between $16.53 and $16.77, which gives a possible trading interval of +/-$0.119 (+/-0.71%) up or down from last closing price. If Eaton Vance Municipal Income Trust takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.64 (0.06%) than the resistance at $16.70 (0.30%), 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 Municipal Income Trust stock A Buy?

Eaton Vance Municipal Income Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.337 Sell Candidate Unchanged

Predicted Opening Price for Eaton Vance Municipal Income Trust of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$16.65 ( 0%) $16.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EOT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.73 0.480 %
R2 16.70 0.297 %
R1 16.68 0.184 %
Current price: 16.65
Support S1 16.62 -0.184 %
S2 16.60 -0.297 %
S3 16.57 -0.480 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.75 0.601 %
R2 16.72 0.420 %
R1 16.70 0.300 %
Current price 16.65
Support S1 16.64 -0.0601%
S2 16.63 -0.118%
S3 16.63 -0.120%

EOT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 20, 2024 Mar 28, 2024 $0.0625 0.375%
2 Feb 01, 2024 Feb 21, 2024 Feb 29, 2024 $0.0625 0.374%
3 Jan 02, 2024 Jan 22, 2024 Jan 31, 2024 $0.0625 0.372%
4 Dec 01, 2023 Dec 21, 2023 Dec 29, 2023 $0.0625 0.369%
5 Nov 01, 2023 Nov 21, 2023 Nov 30, 2023 $0.0630 0.383%

FAQ

What is the symbol for Eaton Vance Municipal Income Trust Stock and on which exchange is it traded?
The symbol for Eaton Vance Municipal Income Trust is EOT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eaton Vance Municipal Income Trust Stock?
Eaton Vance Municipal Income Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Eaton Vance Municipal Income Trust Stock?
Eaton Vance Municipal Income Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eaton Vance Municipal Income Trust Stock.

What's the current price of Eaton Vance Municipal Income Trust Stock?
As of the end of day on the 2024-03-27, the price of an Eaton Vance Municipal Income Trust (EOT) share was $16.65.

What is the 52-week high and low for Eaton Vance Municipal Income Trust Stock?
The 52-week high for Eaton Vance Municipal Income Trust Stock is $18.30 and the 52-week low is $14.63.

What is the market capitalization of Eaton Vance Municipal Income Trust Stock?
As of the 2024-03-27, the market capitalization of Eaton Vance Municipal Income Trust is 260.155M.
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About Eaton Vance Municipal Income Trust

Eaton Vance National Municipal Opportunities Trust is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It primarily invests its assets in municipal obligations. The fund conducts in-house research to make its investments. Eaton Vance National Municipal Opportunities Trust was formed on May 29, 2009 and is domiciled in the United States.... EOT Profile

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