EVT - Eaton Vance Tax Advantaged Dividend Income Fund

EVT - Eaton Vance Tax Advantaged Dividend Income Fund

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Buy Candidate
Fri 21'st Apr 2017

VOLUME
Buy
TREND
Sell
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
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Eaton Vance Tax Advantaged Dividend Income Fund Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Buy candidate since 2017-04-20 Loss -0.42%

Eaton Vance Tax Advantaged Dividend Income Fund fell by -0.41% in the last day, from USD 21.69 to USD 21.60 The price has risen in 6 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume has increased in the last day by 32 326 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, 140 942 shares bought and sold for approximately USD 3.04 million.

Trend

Eaton Vance Tax Advantaged Dividend Income Fund lies in the middle of a weak falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.1% during the next 3 months and, with 90% probability hold a price between USD 20.31 and USD 21.46 at the end of this period.

Signals

Eaton Vance Tax Advantaged Dividend Income Fund holds buy signals from both short- and long-term moving averages. In addition, 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 USD 21.59 and USD 21.39. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 04, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

The stock had a Golden Star Signal* on Tuesday December 06, 2016 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Support & Resistance

Eaton Vance Tax Advantaged Dividend Income Fund finds support from accumulated volume at USD 21.53, USD 21.45, and USD 21.15. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 21.85, USD 21.92 and USD 21.91.

The stock is about to test the resistance from accumulated volume at USD 21.85 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.19 (0.88%) between high and low. For the last week, the stock has had a daily average volatility of 0.87%.

Our recommended stoploss: USD 20.42 (-5.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 12 days ago.)

Evaluation

Several short-term signals are positive, despite the stock being in a weak falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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