Eaton Vance Tax-Managed Diversified Stock Forecast
Green day on Thursday for Eaton Vance Tax-Managed Diversified stock after gaining 0.0778%
(Updated on Apr 18, 2024)
The Eaton Vance Tax-Managed Diversified stock price gained 0.0778% on the last trading day (Thursday, 18th Apr 2024), rising from $12.85 to $12.86. During the last trading day the stock fluctuated 0.82% from a day low at $12.80 to a day high of $12.91. The price has risen in 6 of the last 10 days but is still down by -2.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 89 thousand more shares were traded than the day before. In total, 227 thousand shares were bought and sold for approximately $2.92 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.95% during the next 3 months and, with a 90% probability hold a price between $13.75 and $14.57 at the end of this 3-month period.
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ETY Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $13.04 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 -4.10%. 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).
Support, Risk & Stop-loss for Eaton Vance Tax-Managed Diversified stock
Eaton Vance Tax-Managed Diversified finds support from accumulated volume at $12.85 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 $0.105 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 1.63%.
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 Friday 19th
For the upcoming trading day on Friday, 19th we expect Eaton Vance Tax-Managed Diversified Equity Income Fund to open at $12.86, and during the day (based on 14 day Average True Range), to move between $12.70 and $13.02, which gives a possible trading interval of +/-$0.163 (+/-1.27%) 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 2.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.85 (0.08%) than the resistance at $13.18 (2.49%), 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: -3.543 Sell Candidate Unchanged
Predicted Opening Price for Eaton Vance Tax-Managed Diversified Equity Income Fund of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $12.86 ( 0.0389%) | $12.86 |
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 | 12.96 | 0.778 % | |
| R2 | 12.92 | 0.466 % | ||
| R1 | 12.90 | 0.273 % | ||
| Current price: | 12.86 | |||
| Support | S1 | 12.81 | -0.351 % | |
| S2 | 12.79 | -0.543 % | ||
| S3 | 12.75 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.36 | 3.89 % | |
| R2 | 13.34 | 3.73 % | ||
| R1 | 13.18 | 2.49 % | ||
| Current price | 12.86 | |||
| Support | S1 | 12.85 | -0.0778% | |
| S2 | 12.51 | -2.72% | ||
| S3 | 12.26 | -4.67% |
ETY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0992 | 0.771% |
| 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
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