EATON VANCE FLOATING-RATE 20 (EFL) Stock Technical Analysis
NYSE:EFL - New York Stock Exchange, Inc. - US27831H1005 - Currency: USD
We assign a technical rating of 5 out of 10 to EFL. In the past year, EFL was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
EFL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
When comparing the yearly performance of all stocks, we notice that EFL is one of the better performing stocks in the market, outperforming 74% of all stocks.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month EFL has a been trading in a tight range between 8.58 and 8.65.
Although the technical rating is only medium, EFL does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 8.63, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.34
9.74
When analyzing the support we notice one important area.
- A support zone ranging from 8.42 to 8.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.80 to 8.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.39 to 9.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.86
Mansfield0.54
10 Day High8.65
10 Day Low8.6
20 Day High8.65
20 Day Low8.58
52 Week High9.58
52 Week Low8.39
Performance
1 Week-0.12%
2 Weeks0.35%
1 Month0.47%
3 Month-0.29%
6 Month-5.89%
12 Month-7.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)57.22
LBB8.59
UBB8.65
8.63
-0.01 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.12%
1 Week-0.12%
2 Weeks0.35%
1 Month0.47%
3 Month-0.29%
6 Month-5.89%
12 Month-7.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.23%
ATR Inc-1.61%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.86
Mansfield0.54
10 Day High8.65
10 Day Low8.6
20 Day High8.65
20 Day Low8.58
52 Week High9.58
52 Week Low8.39
CS1 End8.63
CR1 Start8.8
Volume & EV
DER(3)-2.02%
DER(5)-0.66%
Volume88.40K
Volume Incr-27.45%
Vol(5)65.36K
Vol(50)65.52K