Eaton Vance Tax-Managed Diversified Stock Forecast
Eaton Vance Tax-Managed Diversified stock price down 0.156% on Friday
(Updated on Apr 19, 2024)
The Eaton Vance Tax-Managed Diversified stock price fell by -0.156% on the last day (Friday, 19th Apr 2024) from $12.86 to $12.84. During the last trading day the stock fluctuated 1.38% from a day low at $12.72 to a day high of $12.90. The price has been going up and down for this period, and there has been a -2.8% loss for the last 2 weeks. Volume has increased on the last day by 272 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 499 thousand shares were bought and sold for approximately $6.41 million.
Given the current short-term trend, the stock is expected to rise 6.30% during the next 3 months and, with a 90% probability hold a price between $13.65 and $14.48 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.
ETY Signals & Forecast
There are few to no technical positive signals at the moment. The Eaton Vance Tax-Managed Diversified stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.98 and $13.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -4.25%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Eaton Vance Tax-Managed Diversified stock
Eaton Vance Tax-Managed Diversified finds support from accumulated volume at $12.83 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 $0.175 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Eaton Vance Tax-Managed Diversified Equity Income Fund to open at $12.82, and during the day (based on 14 day Average True Range), to move between $12.68 and $13.00, which gives a possible trading interval of +/-$0.164 (+/-1.28%) up or down from last closing price. If Eaton Vance Tax-Managed Diversified Equity Income Fund takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.83 (0.08%) than the resistance at $13.18 (2.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eaton Vance Tax-Managed Diversified Equity Income Fund stock A Buy?
The Eaton Vance Tax-Managed Diversified stock holds several negative signals and despite the positive trend, we believe Eaton Vance Tax-Managed Diversified will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.003 Sell Candidate Unchanged
Predicted Opening Price for Eaton Vance Tax-Managed Diversified Equity Income Fund of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$12.82 ( 0.169%) | $12.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.99 | 1.19 % | |
R2 | 12.93 | 0.674 % | ||
R1 | 12.89 | 0.352 % | ||
Current price: | 12.84 | |||
Support | S1 | 12.75 | -0.689 % | |
S2 | 12.71 | -1.01 % | ||
S3 | 12.64 | -1.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.36 | 4.05 % | |
R2 | 13.34 | 3.89 % | ||
R1 | 13.18 | 2.65 % | ||
Current price | 12.84 | |||
Support | S1 | 12.83 | -0.0779% | |
S2 | 12.51 | -2.57% | ||
S3 | 12.23 | -4.75% |
ETY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0992 | 0.773% |
2 | Mar 01, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0805 | 0.603% |
3 | Feb 01, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.0805 | 0.618% |
4 | Jan 02, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.0805 | 0.650% |
5 | Dec 01, 2023 | Dec 21, 2023 | Dec 29, 2023 | $0.0805 | 0.660% |
FAQ
Click here for our free guide on how to buy Eaton Vance Tax-Managed Diversified Equity Income Fund Stock.