EATON VANCE MUNI. BOND FUND

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

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Type:	Stocks
Ticker:	EIM
ISIN:

EATON VANCE MUNI. BOND FUND - 1H - Technical analysis published on 03/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 10.26 USD

My targets

10.44 USD (+0.77%)

10.92 USD (+5.41%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 10.26 USD remains possible. It is advisable to trade EATON VANCE MUNI. BOND FUND with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 10.26 USD. The next bullish objective for buyers is set at 10.44 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.92 USD. If there is any crossing, the next objective would be the resistance located at 11.76 USD. PS: if there is a bearish break in the support located at 10.26 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

EATON VANCE MUNI. BOND FUND rating 10.36 USD. The price registered a decrease of -0.39% on the session and was traded between 10.36 USD and 10.41 USD over the period. The price is currently at 0% from its lowest and -0.48% from its highest.

10.36

10.41

10.36

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EATON VANCE MUNI. BOND FUND:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EATON VANCE MUNI. BOND FUND in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.03	10.14	10.26	10.36	10.37	10.44	10.92
Change (%)	-3.19%	-2.12%	-0.97%	-	+0.10%	+0.77%	+5.41%
Change	-0.33	-0.22	-0.10	-	+0.01	+0.08	+0.56
Level	Minor	Intermediate	Major	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.34	10.35	10.38	10.39	10.42	10.43	10.46
Camarilla	10.39	10.39	10.40	10.40	10.40	10.41	10.41
Woodie	10.34	10.36	10.38	10.40	10.42	10.44	10.46
Fibonacci	10.35	10.37	10.38	10.39	10.41	10.42	10.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.15	10.21	10.30	10.36	10.45	10.51	10.60
Camarilla	10.36	10.37	10.39	10.40	10.41	10.43	10.44
Woodie	10.18	10.22	10.33	10.37	10.48	10.52	10.63
Fibonacci	10.21	10.26	10.30	10.36	10.41	10.45	10.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.72	9.87	10.13	10.28	10.54	10.69	10.95
Camarilla	10.27	10.31	10.34	10.38	10.42	10.46	10.49
Woodie	9.77	9.90	10.18	10.31	10.59	10.72	11.00
Fibonacci	9.87	10.03	10.13	10.28	10.44	10.54	10.69

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.89
MACD (12,26,9):	0.0100
Directional Movement:	-2.96
AROON (14):	71.43
DEMA (21):	10.39
Parabolic SAR (0,02-0,02-0,2):	10.34
Elder Ray (13):	-0.01
Super Trend (3,10):	10.34
Zig ZAG (10):	10.37
VORTEX (21):	1.1100
Stochastique (14,3,5):	44.83
TEMA (21):	10.39
Williams %R (14):	-69.23
Chande Momentum Oscillator (20):	0.00
Repulse (5,40,3):	-0.1400
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	0.38

MA7:	10.35
MA20:	10.30
MA50:	10.11
MA100:	9.66
MAexp7:	10.38
MAexp20:	10.38
MAexp50:	10.36
MAexp100:	10.32
Price / MA7:	+0.10%
Price / MA20:	+0.58%
Price / MA50:	+2.47%
Price / MA100:	+7.25%
Price / MAexp7:	-0.19%
Price / MAexp20:	-0.19%
Price / MAexp50:	-0%
Price / MAexp100:	+0.39%

Quotes : - 15 min delayed data - NYSE MKT Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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