Technical Analysis for ETX - Eaton Vance Municipal Income Term Trust

Grade Last Price % Change Price Change
grade B 21.07 -0.43% -0.09
ETX closed down 0.43 percent on Thursday, August 22, 2019, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Very Strong Up Flat Down
See historical ETX trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Strong but Oversold Other 0.00%
Strong, Oversold and Reversal Signs Reversal 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Reached Oversold Weakness -0.43%
Strong but Oversold Other -0.43%
Oversold Stochastic Weakness -0.43%
20 DMA Resistance Bearish -0.85%

Older signals for ETX ...

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Profile
Eaton Vance Municipal Income 2028 Term Trust (the Trust) is a diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal obligations, a portion of which will be investment grade and a portion of which may be below investment grade at the time of investment. The Trust's portfolio of investments include education, electric utilities, general obligations, escrowed/prerefunded, hospital, housing, industrial development, insured-electric utilities, insured-general obligations, insured-water and sewer, insured-transportation, student loan, senior living or life care, bond bank, water and sewer, transportation and others. The Trust invests primarily in debt securities issued by municipalities. The Trust's investment advisor is Eaton Vance Management.
Institutional Investors Transportation Insurance Insurance Industry Electric Utilities Eaton Vance Trust Law Insured Transportation Insured Electric Utilities
Is ETX a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 21.72
52 Week Low 17.98
Average Volume 14,596
200-Day Moving Average 20.1079
50-Day Moving Average 20.9741
20-Day Moving Average 21.268
10-Day Moving Average 21.2516
Average True Range 0.2064
ADX 54.52
+DI 24.028
-DI 11.1103
Chandelier Exit (Long, 3 ATRs ) 21.1008
Chandelier Exit (Short, 3 ATRs ) 21.6592
Upper Bollinger Band 21.4832
Lower Bollinger Band 21.0528
Percent B (%b) 0.04
BandWidth 2.023698
MACD Line 0.0489
MACD Signal Line 0.0958
MACD Histogram -0.0469
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.15
Resistance 3 (R3) 21.15 21.14 21.13
Resistance 2 (R2) 21.14 21.12 21.13 21.13
Resistance 1 (R1) 21.10 21.11 21.10 21.10 21.12
Pivot Point 21.09 21.09 21.08 21.08 21.09
Support 1 (S1) 21.05 21.07 21.05 21.05 21.02
Support 2 (S2) 21.04 21.06 21.03 21.01
Support 3 (S3) 21.00 21.04 21.01
Support 4 (S4) 21.00