XLON:ETO
Delisted

Eaton Vance Tax-Advantaged Global Divide Stock Forecast

£5.57
+0 (+0%)
At Close: Jan 14, 2020
RSI low/high Values: [ 15 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Evaluation of Eaton Vance Tax-Advantaged Global Divide stock downgraded after the last trading session.
(Updated on Jan 14, 2020)

Sell candidate since Jan 14, 2020 PDF

No changes to the price of Eaton Vance Tax-Advantaged Global Divide stock on the last trading day (Tuesday, 14th Jan 2020). During the last trading day the stock fluctuated 0% from a day low at £5.57 to a day high of £5.57. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

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 Tax-Advantaged Global Divide stock with a 90% probability to be traded between £5.54 and £5.56 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ETO.L Signals & Forecast

The Eaton Vance Tax-Advantaged Global Divide 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 £5.57 and £5.57. A breakdown 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 sell signal was issued from a pivot top point on Thursday, December 19, 2019, and so far it has fallen -0.179%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, December 06, 2019 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.

Support, Risk & Stop-loss for Eaton Vance Tax-Advantaged Global Divide stock

Eaton Vance Tax-Advantaged Global Divide finds support from accumulated volume at £5.56 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

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

Trading Expectations (ETO.L) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Eaton Vance Tax-Advantaged Global Divide to open at £5.57, and during the day (based on 14 day Average True Range), to move between £5.56 and £5.58, which gives a possible trading interval of +/-£0.0071 (+/-0.13%) up or down from last closing price. If Eaton Vance Tax-Advantaged Global Divide takes out the full calculated possible swing range there will be an estimated 0.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £5.58 (0.18%) than the support at £5.56 (0.18%), 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 Tax-Advantaged Global Divide stock A Buy?

Eaton Vance Tax-Advantaged Global Divide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.655 Sell Candidate Downgraded

Predicted Opening Price for Eaton Vance Tax-Advantaged Global Divide of Wednesday, January 15, 2020

Fair opening price January 15, 2020 Current price
£5.57 ( 0%) £5.57

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

Trading levels for ETO.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.57 .
R2 5.57 .
R1 5.57 .
Current price: 5.57
Support S1 5.57 .
S2 5.57 .
S3 5.57 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.60 0.539 %
R2 5.59 0.359 %
R1 5.58 0.180 %
Current price 5.57
Support S1 5.56 -0.180%
S2 5.56 -0.180%
S3 0 .

FAQ

What is the symbol for Eaton Vance Tax-Advantaged Global Divide Stock and on which exchange is it traded?
The symbol for Eaton Vance Tax-Advantaged Global Divide is ETO.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Eaton Vance Tax-Advantaged Global Divide Stock?
Eaton Vance Tax-Advantaged Global Divide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Eaton Vance Tax-Advantaged Global Divide Stock?
Eaton Vance Tax-Advantaged Global Divide 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 Tax-Advantaged Global Divide Stock.

What's the current price of Eaton Vance Tax-Advantaged Global Divide Stock?
As of the end of day on the 2020-01-14, the price of an Eaton Vance Tax-Advantaged Global Divide (ETO.L) share was £5.57.

What is the 52-week high and low for Eaton Vance Tax-Advantaged Global Divide Stock?
The 52-week high for Eaton Vance Tax-Advantaged Global Divide Stock is £407.60 and the 52-week low is £3.46.
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