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AI Analysis of ETJ
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Green day on Wednesday for Eaton Vance Risk-Managed Diversified stock after gaining 0.240%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 1.33% PDF

The Eaton Vance Risk-Managed Diversified stock price gained 0.240% on the last trading day (Wednesday, 27th Mar 2024), rising from $8.35 to $8.37. During the last trading day the stock fluctuated 1.03% from a day low at $8.29 to a day high of $8.38. The price has been going up and down for this period, and there has been a -0.71% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 171 thousand more shares were traded than the day before. In total, 291 thousand shares were bought and sold for approximately $2.44 million.

The stock 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. If the lower trend floor at $8.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.16% during the next 3 months and, with a 90% probability hold a price between $9.13 and $9.33 at the end of this 3-month period.

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ETJ Signals & Forecast

The Eaton Vance Risk-Managed Diversified stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $8.38. On a fall, the stock will find some support from the long-term average at approximately $8.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.712%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Eaton Vance Risk-Managed Diversified stock

Eaton Vance Risk-Managed Diversified finds support from accumulated volume at $8.36 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 $0.0850 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 0.94%.

Our recommended stop-loss: $8.01 (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Eaton Vance Risk-Managed Diversified Equity Income Fund to open at $8.35, and during the day (based on 14 day Average True Range), to move between $8.29 and $8.45, which gives a possible trading interval of +/-$0.0774 (+/-0.92%) up or down from last closing price. If Eaton Vance Risk-Managed Diversified Equity Income Fund takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.36 (0.12%) than the resistance at $8.39 (0.24%), 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 Risk-Managed Diversified Equity Income Fund stock A Buy?

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 Eaton Vance Risk-Managed Diversified stock to perform well in the short-term.

Current score: 3.853 Buy Candidate Unchanged

Predicted Opening Price for Eaton Vance Risk-Managed Diversified Equity Income Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$8.35 ( 0.299%) $8.37

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

Trading levels for ETJ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.43 0.717 %
R2 8.40 0.329 %
R1 8.38 0.0892 %
Current price: 8.37
Support S1 8.31 -0.687 %
S2 8.29 -0.93 %
S3 8.26 -1.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.43 0.717 %
R2 8.40 0.358 %
R1 8.39 0.239 %
Current price 8.37
Support S1 8.36 -0.119%
S2 8.35 -0.239%
S3 7.97 -4.78%

ETJ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 20, 2024 Mar 28, 2024 $0.0579 0.692%
2 Feb 01, 2024 Feb 21, 2024 Feb 29, 2024 $0.0579 0.695%
3 Jan 02, 2024 Jan 22, 2024 Jan 31, 2024 $0.0579 0.726%
4 Dec 01, 2023 Dec 21, 2023 Dec 29, 2023 $0.0579 0.739%
5 Nov 01, 2023 Nov 21, 2023 Nov 30, 2023 $0.0580 0.728%

FAQ

What is the symbol for Eaton Vance Risk-Managed Diversified Equity Income Fund Stock and on which exchange is it traded?
The symbol for Eaton Vance Risk-Managed Diversified Equity Income Fund is ETJ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eaton Vance Risk-Managed Diversified Equity Income Fund Stock?
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 Eaton Vance Risk-Managed Diversified stock to perform well in the short-term.

How to buy Eaton Vance Risk-Managed Diversified Equity Income Fund Stock?
Eaton Vance Risk-Managed Diversified Equity Income Fund 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 Risk-Managed Diversified Equity Income Fund Stock.

What's the current price of Eaton Vance Risk-Managed Diversified Equity Income Fund Stock?
As of the end of day on the 2024-03-27, the price of an Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) share was $8.37.

What is the 52-week high and low for Eaton Vance Risk-Managed Diversified Equity Income Fund Stock?
The 52-week high for Eaton Vance Risk-Managed Diversified Equity Income Fund Stock is $8.47 and the 52-week low is $7.20.

What is the market capitalization of Eaton Vance Risk-Managed Diversified Equity Income Fund Stock?
As of the 2024-03-27, the market capitalization of Eaton Vance Risk-Managed Diversified Equity Income Fund is 550.114M.
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About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across t... ETJ Profile

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