EATON VANCE MUNI. BOND FUND - Daily - Technical analysis published on 04/30/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 10.34 USD
My targets
9.61 USD (-3.13%)
9.09 USD (-8.37%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EATON VANCE MUNI. BOND FUND as long as the price remains well below 10.34 USD. The sellers' bearish objective is set at 9.61 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.09 USD. In case of crossing, the next objective would be the support located at 8.79 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EATON VANCE MUNI. BOND FUND rating 9.92 USD. The price registered a decrease of -0.40% on the session and was traded between 9.89 USD and 9.99 USD over the period. The price is currently at +0.30% from its lowest and -0.70% from its highest.9.89
9.99
9.92
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EATON VANCE MUNI. BOND FUND chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.79 | 9.09 | 9.61 | 9.92 | 10.04 | 10.34 | 10.81 |
| Change (%) | -11.39% | -8.37% | -3.13% | - | +1.21% | +4.23% | +8.97% |
| Change | -1.13 | -0.83 | -0.31 | - | +0.12 | +0.42 | +0.89 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.91 | 9.92 | 9.94 | 9.95 | 9.97 | 9.98 | 10.00 |
| Camarilla | 9.95 | 9.96 | 9.96 | 9.96 | 9.96 | 9.97 | 9.97 |
| Woodie | 9.92 | 9.92 | 9.95 | 9.95 | 9.98 | 9.98 | 10.01 |
| Fibonacci | 9.92 | 9.93 | 9.94 | 9.95 | 9.96 | 9.97 | 9.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.71 | 9.82 | 9.88 | 9.99 | 10.05 | 10.16 | 10.22 |
| Camarilla | 9.89 | 9.91 | 9.92 | 9.94 | 9.96 | 9.97 | 9.99 |
| Woodie | 9.69 | 9.81 | 9.86 | 9.98 | 10.03 | 10.15 | 10.20 |
| Fibonacci | 9.82 | 9.89 | 9.93 | 9.99 | 10.06 | 10.10 | 10.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.97 | 10.06 | 10.18 | 10.27 | 10.39 | 10.48 | 10.60 |
| Camarilla | 10.24 | 10.26 | 10.28 | 10.30 | 10.32 | 10.34 | 10.36 |
| Woodie | 9.99 | 10.07 | 10.20 | 10.28 | 10.41 | 10.49 | 10.62 |
| Fibonacci | 10.06 | 10.14 | 10.19 | 10.27 | 10.35 | 10.40 | 10.48 |
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): | 39.50 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -18.74 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 9.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.10 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 10.15 | |
| Zig ZAG (10): | 9.93 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 19.47 | |
| TEMA (21): | 9.93 | |
| Williams %R (14): | -80.95 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.24 |
| MA7: | 10.00 | |
| MA20: | 10.01 | |
| MA50: | 10.16 | |
| MA100: | 10.03 | |
| MAexp7: | 9.98 | |
| MAexp20: | 10.03 | |
| MAexp50: | 10.06 | |
| MAexp100: | 9.95 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -0.90% | |
| Price / MA50: | -2.36% | |
| Price / MA100: | -1.10% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -1.10% | |
| Price / MAexp50: | -1.39% | |
| Price / MAexp100: | -0.30% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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