Buy Score Rank #2348 out of #5176
Wed 26'th Jul 2017
Eaton Vance Tax Advantaged Dividend Income Fund Stock Analysis
Technical stock analysis for Wed 26'th Jul 2017
Buy candidate since 2017-07-24
Eaton Vance Tax Advantaged Dividend Income Fund 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 2.4% during the next 3 months and, with 90% probability hold a price between $22.07 and $23.04 at the end of this period.
Eaton Vance Tax Advantaged Dividend 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 $22.21. On a fall, the stock will find some support from the long-term average at approximately $21.98. 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. A buy signal was issued from a pivot bottom point on Monday July 24, 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.
* 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 53 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 . On the upside the stock meets some resistance just above today's level from accumulated volume at $22.11, $22.21 and $22.34.
The stock is about to test the resistance from accumulated volume at $22.11 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.26 (1.18%) between high and low. For the last week, the stock has had a daily average volatility of 0.90%.
Our recommended stoploss: $20.75 (-6.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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 this stock to perform well in the short-term.
Your capital is at risk.