Eaton Vance Ohio Municipal Income Trust

Claudine Rigal
Juillet 17, 2017

The share price of Eaton Vance Floating Rate Income Trust (NYSE:EFT) was down -0.07% during the last trading session, with a day high of 15.30. The ATR basically measures the volatility of a stock on a day-to-day basis. The 14-day ADX is presently 18.37.

Eaton Vance Ohio Municipal Bond Fund (EIO) now has a 14-day Commodity Channel Index (CCI) of 9.81. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. ADX is used to gauge trend strength but not trend direction. The 14-day RSI is now spotted at 54.03, the 7-day is at 55.82, and the 3-day is sitting at 64.94. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements.

We can also do some further technical analysis on the stock.

Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. (EV) stock price has gone down by -0.76% over the last 20 trading days, and its price is -1.67% below the 52-week high. Average True Range looks at the distance the price is traveling each day and plots it on a graph. Commercial Bank Of Nova Scotia has invested 0.01% in Eaton Vance Enhanced Equity Income Fund (NYSE:EOI). Values can range from 0 to -100. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A reading under 30 would indicate oversold conditions.

Deep diving into the technical levels for Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG), we note that the equity now has a 14-day Commodity Channel Index (CCI) of 197.20. Typically, the CCI oscillates above and below a zero line. The RSI oscillates on a scale from 0 to 100. In general, if the indicator goes above -20, the stock may be considered overbought. The CCI was developed by Donald Lambert.

With equity investing, there will constantly be worries and fears. The volatility in the market that accompanies these fears may trick investors into thinking the next bear market is on the doorstep. The biggest names may be the ones to recoup the losses the quickest. Knowing exactly what stocks are in the portfolio can help make unsettling market conditions bearable for investors. Sometimes a readjustment may be needed in order to regain some confidence. As the next round of earnings reports start to come in, investors will be keeping a close watch to see which companies produce the largest surprises, both positive and negative.

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