Eaton Vance Municipal Trust Technical Analysis (NYSE:EVN)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The EVN Chart pattern can give those who understand technical analysis an indication of which way EVN stock is headed, but cannot predict with 100% certainty as to what can happen to the Eaton Vance Municipal Trust Price.
See Eaton Vance Municipal Trust bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Eaton Vance Municipal Trust Analysis that does not care for the fair value of a company but uses price and volume data only.
Eaton Vance Municipal Trust Moving Average
Moving averages show the EVN Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $11.95 is below the price of $11.97.
Eaton Vance Municipal Trust Bollinger Bands
Bollinger bands comprise of a center line usually EVN SMA, and two EVN Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. Currently the Price of $11.97 is in the upper range of Eaton Vance Municipal Trust bollinger bands.
Eaton Vance Municipal Trust Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The Eaton Vance Municipal Trust MACD indicator is below 0 indicating a bearish trend.
Eaton Vance Municipal Trust Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 59.26 is the RSI value of EVN stock.