EATON VANCE MUNI. BOND FUND - 1H - Technical analysis published on 12/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.64 USD
My targets
11.22 USD (+3.89%)
12.11 USD (+12.13%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EATON VANCE MUNI. BOND FUND as long as the price remains well above 10.64 USD. The buyers' bullish objective is set at 11.22 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.11 USD. If there is any crossing, the next objective would be the resistance located at 13.00 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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Additional analysis
Quotes
The EATON VANCE MUNI. BOND FUND price is 10.80 USD. The price registered a decrease of -0.19% on the session with the lowest point at 10.78 USD and the highest point at 10.81 USD. The deviation from the price is +0.19% for the low point and -0.09% for the high point.10.78
10.81
10.80
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
Technical analysis of EATON VANCE MUNI. BOND FUND in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 10.49 | 10.64 | 10.75 | 10.80 | 11.22 | 12.11 | 13.00 |
| Change (%) | -2.87% | -1.48% | -0.46% | - | +3.89% | +12.13% | +20.37% |
| Change | -0.31 | -0.16 | -0.05 | - | +0.42 | +1.31 | +2.20 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.59 | 10.63 | 10.73 | 10.77 | 10.87 | 10.91 | 11.01 |
| Camarilla | 10.78 | 10.79 | 10.81 | 10.82 | 10.83 | 10.85 | 10.86 |
| Woodie | 10.61 | 10.65 | 10.75 | 10.79 | 10.89 | 10.93 | 11.03 |
| Fibonacci | 10.63 | 10.69 | 10.72 | 10.77 | 10.83 | 10.86 | 10.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.21 | 10.33 | 10.51 | 10.63 | 10.81 | 10.93 | 11.11 |
| Camarilla | 10.62 | 10.65 | 10.67 | 10.70 | 10.73 | 10.76 | 10.78 |
| Woodie | 10.25 | 10.35 | 10.55 | 10.65 | 10.85 | 10.95 | 11.15 |
| Fibonacci | 10.33 | 10.44 | 10.51 | 10.63 | 10.74 | 10.81 | 10.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.83 | 10.02 | 10.36 | 10.55 | 10.89 | 11.08 | 11.42 |
| Camarilla | 10.55 | 10.60 | 10.65 | 10.70 | 10.75 | 10.80 | 10.85 |
| Woodie | 9.91 | 10.06 | 10.44 | 10.59 | 10.97 | 11.12 | 11.50 |
| Fibonacci | 10.02 | 10.22 | 10.35 | 10.55 | 10.75 | 10.88 | 11.08 |
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): | 67.64 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 25.43 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 10.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.69 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 10.70 | |
| Zig ZAG (10): | 10.79 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 10.78 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.49 |
| MA7: | 10.71 | |
| MA20: | 10.52 | |
| MA50: | 10.50 | |
| MA100: | 10.41 | |
| MAexp7: | 10.77 | |
| MAexp20: | 10.72 | |
| MAexp50: | 10.64 | |
| MAexp100: | 10.56 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +2.66% | |
| Price / MA50: | +2.86% | |
| Price / MA100: | +3.75% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +1.50% | |
| Price / MAexp100: | +2.27% |
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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