ETY - Eaton Vance Tax-Managed Diversified Equity Income Fund

Industry: Closed-End Fund - Equity Sector: Financial | Exchange: NYSE

ETY - Eaton Vance Tax-Managed Diversified Equity Income Fund

Industry: Closed-End Fund - Equity Sector: Financial | Exchange: NYSE
#3772/#4940

Sell Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -1.55%
PRICE $11.41
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
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Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Sell candidate since 2017-09-20 Loss -1.55%

Eaton Vance Tax-Managed Diversified Equity Income Fund fell by -1.55% in the last day from $11.59 to $11.41 The price has risen in 7 of the last 10 days and is up by 1.42% over the past 2 weeks. Volume has increased in the last day by 34 908 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 335 272 shares bought and sold for approximately $3.83 million.

Trend

Given the current horizontal trend you can expect Eaton Vance Tax-Managed Diversified Equity Income Fund with 90% probability to be traded between $10.71 and $11.40 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday September 20, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Eaton Vance Tax-Managed Diversified Equity Income Fund 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 $11.49. On a fall, the stock will find some support from the long-term average at approximately $11.32. 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.

Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Support & Resistance

Eaton Vance Tax-Managed Diversified Equity Income Fund finds support from accumulated volume at $11.35. On the upside the stock meets some resistance just above today's level from accumulated volume at $11.47, $11.49 and $11.57.

The stock is about to test the resistance from accumulated volume at $11.47 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $11.35 Price: $11.41 Resistance: $11.47
S: $11.35 Price: $11.41 R: $11.47

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 $0.12 (1.05%) between high and low. For the last week, the stock has had a daily average volatility of 0.77%.

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

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Eaton Vance Tax-Managed Diversified Equity Income Fund 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 recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Sell Candidate

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