EATON VANCE MUNI. BOND FUND - Daily - Technical analysis published on 07/09/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 10.24 USD
My targets
11.53 USD (+8.88%)
12.43 USD (+17.37%)
My analysis
EATON VANCE MUNI. BOND FUND is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.24 USD. The next resistance located at 11.53 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.43 USD. After this resistance, buyers could then target 13.35 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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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 10.59 USD. On the day, this instrument lost -0.38% with the lowest point at 10.59 USD and the highest point at 10.65 USD. The deviation from the price is 0% for the low point and -0.56% for the high point.10.59
10.65
10.59
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EATON VANCE MUNI. BOND FUND:
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
A technical analysis in Daily of this EATON VANCE MUNI. BOND FUND chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.00 | 9.85 | 10.24 | 10.59 | 10.71 | 11.53 | 12.43 |
| Change (%) | -15.01% | -6.99% | -3.31% | - | +1.13% | +8.88% | +17.37% |
| Change | -1.59 | -0.74 | -0.35 | - | +0.12 | +0.94 | +1.84 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.49 | 10.55 | 10.59 | 10.65 | 10.69 | 10.75 | 10.79 |
| Camarilla | 10.60 | 10.61 | 10.62 | 10.63 | 10.64 | 10.65 | 10.66 |
| Woodie | 10.48 | 10.55 | 10.58 | 10.65 | 10.68 | 10.75 | 10.78 |
| Fibonacci | 10.55 | 10.59 | 10.61 | 10.65 | 10.69 | 10.71 | 10.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.33 | 10.42 | 10.57 | 10.66 | 10.81 | 10.90 | 11.05 |
| Camarilla | 10.65 | 10.68 | 10.70 | 10.72 | 10.74 | 10.76 | 10.79 |
| Woodie | 10.36 | 10.44 | 10.60 | 10.68 | 10.84 | 10.92 | 11.08 |
| Fibonacci | 10.42 | 10.51 | 10.57 | 10.66 | 10.75 | 10.81 | 10.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.89 | 10.06 | 10.32 | 10.49 | 10.75 | 10.92 | 11.18 |
| Camarilla | 10.46 | 10.50 | 10.54 | 10.58 | 10.62 | 10.66 | 10.70 |
| Woodie | 9.94 | 10.08 | 10.37 | 10.51 | 10.80 | 10.94 | 11.23 |
| Fibonacci | 10.06 | 10.22 | 10.33 | 10.49 | 10.65 | 10.76 | 10.92 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.22 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 9.48 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 10.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.53 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 10.45 | |
| Zig ZAG (10): | 10.60 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 60.96 | |
| TEMA (21): | 10.66 | |
| Williams %R (14): | -59.62 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 1.81 |
| MA7: | 10.63 | |
| MA20: | 10.57 | |
| MA50: | 10.38 | |
| MA100: | 10.23 | |
| MAexp7: | 10.62 | |
| MAexp20: | 10.55 | |
| MAexp50: | 10.41 | |
| MAexp100: | 10.22 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +2.02% | |
| Price / MA100: | +3.52% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +1.73% | |
| Price / MAexp100: | +3.62% |
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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