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