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 ETW
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Eaton Vance Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 1.86% PDF

The Eaton Vance Corporation stock price gained 0.99% on the last trading day (Thursday, 28th Mar 2024), rising from $8.12 to $8.20. During the last trading day the stock fluctuated 1.36% from a day low at $8.11 to a day high of $8.22. The price has risen in 5 of the last 10 days and is up by 1.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 196 thousand more shares were traded than the day before. In total, 537 thousand shares were bought and sold for approximately $4.41 million.

The stock lies in the middle of a narrow and weak 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 5.80% during the next 3 months and, with a 90% probability hold a price between $8.54 and $8.72 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ETW Signals & Forecast

The Eaton Vance Corporation 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 $8.13 and $8.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, January 09, 2024 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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, January 09, 2024 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.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for Eaton Vance Corporation stock

Eaton Vance Corporation finds support from accumulated volume at $8.12 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 $0.110 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 0.88%.

Our recommended stop-loss: $7.76 (-5.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (ETW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Eaton Vance Corporation to open at $8.18, and during the day (based on 14 day Average True Range), to move between $8.13 and $8.27, which gives a possible trading interval of +/-$0.0725 (+/-0.88%) up or down from last closing price. If Eaton Vance Corporation takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $8.12, some $0.0800 (0.98%) from the current price of $8.20, our system finds the risk reward attractive.

Is Eaton Vance Corporation 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 Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.253 Buy Candidate Upgraded

Predicted Opening Price for Eaton Vance Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.18 ( 0.285%) $8.20

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

Trading levels for ETW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.29 1.06 %
R2 8.24 0.544 %
R1 8.22 0.228 %
Current price: 8.20
Support S1 8.13 -0.797 %
S2 8.11 -1.11 %
S3 8.07 -1.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 8.20
Support S1 8.12 -0.98%
S2 7.86 -4.15%
S3 7.81 -4.76%

ETW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 20, 2024 Mar 28, 2024 $0.0582 0.710%
2 Feb 01, 2024 Feb 21, 2024 Feb 29, 2024 $0.0582 0.727%
3 Jan 02, 2024 Jan 22, 2024 Jan 31, 2024 $0.0582 0.748%
4 Dec 01, 2023 Dec 21, 2023 Dec 29, 2023 $0.0582 0.749%
5 Nov 01, 2023 Nov 21, 2023 Nov 30, 2023 $0.0580 0.746%

FAQ

What is the symbol for Eaton Vance Corporation Stock and on which exchange is it traded?
The symbol for Eaton Vance Corporation is ETW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eaton Vance Corporation 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 Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Eaton Vance Corporation Stock?
Eaton Vance Corporation 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 Corporation Stock.

What's the current price of Eaton Vance Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Eaton Vance Corporation (ETW) share was $8.20.

What is the 52-week high and low for Eaton Vance Corporation Stock?
The 52-week high for Eaton Vance Corporation Stock is $8.49 and the 52-week low is $6.96.

What is the market capitalization of Eaton Vance Corporation Stock?
As of the 2024-03-28, the market capitalization of Eaton Vance Corporation is 881.393M.
Click to get the best stock tips daily for free!

About Eaton Vance Corporation

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund also writes call options on one or more U.S. and foreign indices on a substantial portion of the va... ETW Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT