Eaton Vance Short Diversified Income Stock Forecast
Eaton Vance Short Diversified Income stock price ended at $10.47 on Thursday, after gaining 0.96%.
(Updated on Apr 18, 2024)
The Eaton Vance Short Diversified Income stock price gained 0.96% on the last trading day (Thursday, 18th Apr 2024), rising from $10.37 to $10.47. During the last trading day the stock fluctuated 1.93% from a day low at $10.37 to a day high of $10.57. The price has risen in 6 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 57 thousand shares were bought and sold for approximately $600.56 thousand.
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 Short Diversified Income stock with a 90% probability to be traded between $10.16 and $10.53 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.
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EVG Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Eaton Vance Short Diversified Income has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eaton Vance Short Diversified Income stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.57. On a fall, the stock will find some support from the short-term average at $10.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The stock had a Golden Star Signal on Thursday, November 30, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Thursday, November 30, 2023 in the long-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 Short Diversified Income stock
Eaton Vance Short Diversified Income finds support from accumulated volume at $10.46 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 $0.200 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: $9.88 (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (EVG) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Eaton Vance Short Diversified Income Fund to open at $10.47, and during the day (based on 14 day Average True Range), to move between $10.37 and $10.57, which gives a possible trading interval of +/-$0.101 (+/-0.96%) up or down from last closing price. If Eaton Vance Short Diversified Income Fund takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.46 (0.10%) than the resistance at $10.64 (1.62%), 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 Short Diversified Income Fund stock A Buy?
Eaton Vance Short Diversified Income holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.327 Hold/Accumulate Unchanged
Predicted Opening Price for Eaton Vance Short Diversified Income Fund of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $10.47 ( 0.00000000%) | $10.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.67 | 1.91 % | |
| R2 | 10.59 | 1.18 % | ||
| R1 | 10.55 | 0.730 % | ||
| Current price: | 10.47 | |||
| Support | S1 | 10.39 | -0.730 % | |
| S2 | 10.35 | -1.18 % | ||
| S3 | 10.27 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.79 | 3.06 % | |
| R2 | 10.71 | 2.29 % | ||
| R1 | 10.64 | 1.62 % | ||
| Current price | 10.47 | |||
| Support | S1 | 10.46 | -0.0955% | |
| S2 | 10.45 | -0.191% | ||
| S3 | 10.37 | -0.96% |
EVG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0792 | 0.757% |
| 2 | Mar 01, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0786 | 0.744% |
| 3 | Feb 01, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.0787 | 0.737% |
| 4 | Jan 02, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.0786 | 0.745% |
| 5 | Dec 01, 2023 | Dec 21, 2023 | Dec 29, 2023 | $0.0768 | 0.740% |
FAQ
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