Technical Analysis for EVN - Eaton Vance Municipal Income Trust

Grade Last Price % Change Price Change
C 10.11 1.30% 0.13
EVN closed up 1.3 percent on Tuesday, May 7, 2024, on 1.15 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 1.30%
Calm After Storm Range Contraction 1.30%
Narrow Range Bar Range Contraction 1.30%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 12 hours ago
Upper Bollinger Band Resistance about 14 hours ago
Gapped Up (Full) about 15 hours ago
50 DMA Support about 15 hours ago
Rose Above Previous Day's High about 15 hours ago

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Profile

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home. Eaton Vance Municipal Income Trust was formed in 1998 and is domiciled in United States.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Exchange Traded Fund ETF Mutual Fund Income Trust Electric Utilities Eaton Vance Cogeneration

Is EVN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.4028
52 Week Low 8.4281
Average Volume 97,209
200-Day Moving Average 9.53
50-Day Moving Average 10.04
20-Day Moving Average 9.91
10-Day Moving Average 9.90
Average True Range 0.09
RSI (14) 60.32
ADX 20.74
+DI 30.76
-DI 15.02
Chandelier Exit (Long, 3 ATRs) 9.90
Chandelier Exit (Short, 3 ATRs) 10.06
Upper Bollinger Bands 10.09
Lower Bollinger Band 9.73
Percent B (%b) 1.05
BandWidth 3.62
MACD Line -0.02
MACD Signal Line -0.05
MACD Histogram 0.0298
Fundamentals Value
Market Cap 401.04 Million
Num Shares 39.7 Million
EPS 0.34
Price-to-Earnings (P/E) Ratio 29.74
Price-to-Sales 14.05
Price-to-Book 0.93
PEG Ratio 0.00
Dividend 0.48
Dividend Yield 4.75%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.23
Resistance 3 (R3) 10.22 10.17 10.21
Resistance 2 (R2) 10.17 10.14 10.18 10.20
Resistance 1 (R1) 10.14 10.12 10.16 10.15 10.20
Pivot Point 10.09 10.09 10.10 10.10 10.09
Support 1 (S1) 10.06 10.06 10.08 10.07 10.02
Support 2 (S2) 10.01 10.04 10.02 10.02
Support 3 (S3) 9.98 10.01 10.01
Support 4 (S4) 9.99