Previous Hold Today ETO.L ranks #1625 as HOLD CANDIDATE #1625 Next Hold

ETO.L stock forecast Eaton Vance Tax-Advantaged Global Divide

ETO.L stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will ETO.L stock price go up or down on Mon, 20 May 2019?

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Eaton Vance Tax-Advantaged Global Divide Forecast and Stock Analysis

Technical ETO.L stock analysis for Friday May 17, 2019.

Hold candidate since 2019-05-17
Shorts 0.45% ( 2013-01-15 )
Insider % n/a
Institutional % 14.50%
Beta 0.59
ROA -1.05%
Price to book GBP 1.08
P/E Ratio n/a
Next Earnings Date n/a


Eaton Vance Tax-Advantaged Global Divide fell by -1.19% in the last day ( Friday, 17th May 2019 ) from £470.60 to £465.00 During day the stock fluctuated 1.77% from a day low at £464.40 to a day high of £472.60. The price has risen in 6 of the last 10 days , but is still down by -2.11% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -113 531 shares and in total 337 413 shares bought and sold for approximately £156.90 million.

Quick summary:

  • 30 day high of the ETO.L stock price was £485.40 and low was £436.80.
  • 90 day high was £485.40 and low was £398.00.
  • 52 week high for the Eaton Vance Tax-Advantaged Global Divide - £485.40 and low - £277.20.

Trend

Eaton Vance Tax-Advantaged Global Divide lies in the middle of a wide and strong 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 15.55% during the next 3 months and, with 90% probability hold a price between £518.63 and £580.39 at the end of this period.

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Signals

Eaton Vance Tax-Advantaged Global Divide holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £458.43 and £461.37. 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 Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double top formation was found on Thursday May 16, 2019 and based on theory for this formation the price should fall by -29.24% to £439.36 within 6 trading days since signal was issued (Friday May 24, 2019).

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Eaton Vance Tax-Advantaged Global Divide finds support from accumulated volume at £460.00.

Support: £460.00 Price: £465.00 Resistance: £465.60

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £8.20 (1.77%) between high and low. For the last week, the stock has had a daily average volatility of 2.54%.

Our recommended stoploss: £442.48 (-4.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

2.54 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Eaton Vance Tax-Advantaged Global Divide holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today ETO.L ranks #1625 as HOLD CANDIDATE #1625 Next Hold

Will ETO.L stock price go up or down
on Mon, 20 May 2019?

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