REPORTING FOR 2019-11-12 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how EVN has been trading over the last 2 weeks and the past day especially. On its latest session, Eaton Vance Municipal Income Trust ($EVN) opened at 12.87, reaching a high of 12.93 and a low of 12.8048 before closing at a price of 12.84. There was a total volume of 76510.
VOLUME INDICATORS FOR EATON VANCE MUNICIPAL INCOME TRUST ($EVN): We saw an accumulation-distribution index of 64.59131, an on-balance volume of -12.84, chaikin money flow of 3.17333 and a force index of -0.00025. There was an ease of movement rating of 0.00046, a volume-price trend of 0.14994 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR EATON VANCE MUNICIPAL INCOME TRUST ($EVN): We noted an average true range of 0.05504, bolinger bands of 12.8549, an upper bollinger band of 12.6999, lower bollinger band of 12.8048, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 12.86827, high band keltner channel of 12.80827, low band keltner channel of 12.92827, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 12.8048, a donchian channel low band of 12.8048, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR EATON VANCE MUNICIPAL INCOME TRUST ($EVN): We calculated a Moving Average Convergence Divergence (MACD) of -0.00123, a MACD signal of -0.00068, a MACD difference of -0.00055, a fast Exponential Moving Average (EMA) indicator of 12.8048, a slow Exponential Moving Average (EMA) indicator of 12.8048, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.30457, a trix of 0.71453, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -0.15073, a KST Oscillator (KST) of 11.91166 and a KST Oscillator (KST Signal) of 11.91166 (leaving a KST difference of -1.08266). We also found an Ichimoku rating of 12.9, an Ichimoku B rating of 12.9, a Ichimoku visual trend A of 12.73099, an Ichimoku visual trend B of 12.722, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR EATON VANCE MUNICIPAL INCOME TRUST ($EVN): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 69.80517, a stochastic oscillator of 208.66667, a stochastic oscillator signal of 208.66667, a Williams %R rating of 108.66667 and an awesome oscillator of -0.01867.
RETURNS FOR EATON VANCE MUNICIPAL INCOME TRUST ($EVN): There was a daily return of 1.19117, a daily log return of -0.42888 and a cumulative return of -0.42796.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-12 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Eaton Vance Municipal Income Trust ($EVN)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Eaton Vance Municipal Income Trust ($EVN) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.