Eaton Vance Ltd Duration Income Fund Stock Forecast
Eaton Vance Ltd Duration Income Fund stock price ended at $9.44 on Wednesday, after losing 0.632%.
(Updated on Apr 24, 2024)
The Eaton Vance Ltd Duration Income Fund stock price fell by -0.632% on the last day (Wednesday, 24th Apr 2024) from $9.50 to $9.44. During the last trading day the stock fluctuated 0.90% from a day low at $9.43 to a day high of $9.51. The price has been going up and down for this period, and there has been a -0.84% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -62 thousand shares and in total, 247 thousand shares were bought and sold for approximately $2.33 million.
The stock lies in the middle of a 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 -4.11% during the next 3 months and, with a 90% probability hold a price between $8.86 and $9.37 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EVV Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.72%. Further rise is indicated 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. The Eaton Vance Ltd Duration Income Fund 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 $9.64. On a fall, the stock will find some support from the short-term average at $9.39. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Eaton Vance Ltd Duration Income Fund stock
Eaton Vance Ltd Duration Income Fund finds support from accumulated volume at $9.37 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 $0.0850 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 0.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVV) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Eaton Vance Ltd Duration Income Fund to open at $9.46, and during the day (based on 14 day Average True Range), to move between $9.34 and $9.54, which gives a possible trading interval of +/-$0.0983 (+/-1.04%) up or down from last closing price. If Eaton Vance Ltd Duration Income Fund takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.37 (0.74%) than the resistance at $9.75 (3.28%), 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 Ltd Duration Income Fund stock A Buy?
Eaton Vance Ltd Duration 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.
Current score: -2.319 Sell Candidate Unchanged
Predicted Opening Price for Eaton Vance Ltd Duration Income Fund of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $9.46 ( 0.194%) | $9.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.54 | 1.09 % | |
| R2 | 9.51 | 0.751 % | ||
| R1 | 9.49 | 0.538 % | ||
| Current price: | 9.44 | |||
| Support | S1 | 9.43 | -0.150 % | |
| S2 | 9.41 | -0.362 % | ||
| S3 | 9.37 | -0.706 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.92 | 5.08 % | |
| R2 | 9.81 | 3.92 % | ||
| R1 | 9.75 | 3.28 % | ||
| Current price | 9.44 | |||
| Support | S1 | 9.37 | -0.742% | |
| S2 | 9.29 | -1.59% | ||
| S3 | 9.28 | -1.69% |
EVV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | Apr 18, 2024 | $0.0797 | 0.85% |
| 2 | Mar 08, 2024 | Mar 08, 2024 | Mar 18, 2024 | $0.0792 | 0.81% |
| 3 | Feb 01, 2024 | Feb 12, 2024 | Feb 20, 2024 | $0.0801 | 0.81% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 19, 2024 | $0.0803 | 0.84% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Dec 18, 2023 | $0.0779 | 0.81% |
FAQ
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