Weaker Buy Today ETO.L ranks #737 as BUY CANDIDATE. Stronger Buy
Today ETO.L ranks #737 as BUY CANDIDATE.

ETO.L stock Eaton Vance Tax-Advantaged Global Divide

ETO.L stock
Eaton Vance Tax-Advantaged Global Divide

March 22, 2019
Change -2.42%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will ETO.L stock price go up or down on Mon, 25 Mar 2019?

Eaton Vance Tax-Advantaged Global Divide Forecast and Stock Analysis

Technical ETO.L stock analysis for March 22, 2019.

Buy candidate since 2019-02-18 Gain 5.59%
Shorts 0.45% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta 1.30
ROA -1.05

Eaton Vance Tax-Advantaged Global Divide fell by -2.42% in the last day from £437.80 to £427.20 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 1.47% over the past 2 weeks. 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 -188 816 shares and in total 506 715 shares bought and sold for approximately £216.47 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ETO.L stock was £427.20. This is 2.42% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 3.42% from a day low at £427.00 to a day high of £441.60.

30 day high of the ETO.L stock price was £444.20 and low was £398.00.
90 day high was £444.20 and low was £333.20.
52 week high for the Eaton Vance Tax-Advantaged Global Divide - £450.00 and low - £265.60.

Trend

Eaton Vance Tax-Advantaged Global Divide lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £421.10 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 23.62% during the next 3 months and, with 90% probability hold a price between £520.56 and £566.26 at the end of this period.

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Signals

Eaton Vance Tax-Advantaged Global Divide holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately £434.14. On a fall, the stock will find some support from the long-term average at approximately £416.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Monday March 18, 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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Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £400.00 and £394.20.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eaton Vance Tax-Advantaged Global Divide finds support just below today's level at £400.00. If this is broken, then the next support from accumulated volume will be at £394.20 and £360.00.

Support: £400.00 Price: £427.20 Resistance: £434.20

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 £14.60 (3.42%) between high and low. For the last week, the stock has had a daily average volatility of 1.86%.

Our recommended stoploss: £405.12 (-5.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term.

Weaker Buy Today ETO.L ranks #737 as BUY CANDIDATE. Stronger Buy
Today ETO.L ranks #737 as BUY CANDIDATE.