Eaton Vance New York Muni Income Trust (EVY) Stock Technical Analysis
NYSEARCA:EVY - NYSE Arca -
We assign a technical rating of 6 out of 10 to EVY. Although EVY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: EVY has an average volume of 13213 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
EVY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, EVY outperforms 41% of them, which is more or less in line with the market.
In the last month EVY has a been trading in a tight range between 15.10 and 15.30.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, EVY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 15.16, a Stop Loss order could be placed below this zone.
More info and screens
13.59
15.44
3 important support areas can be observed.
- A support zone ranging from 14.72 to 15.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.09 from a horizontal line in the daily time frame.
- A support zone ranging from 13.73 to 13.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.21 to 15.29. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS41.79
Mansfield-0.63
10 Day High15.3
10 Day Low15.16
20 Day High15.3
20 Day Low15.1
52 Week High15.3
52 Week Low12.69
Performance
1 Week-0.39%
2 Weeks-0.65%
1 Month0.26%
3 Month2.02%
6 Month10.41%
12 Month15.27%
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)-0.02
RSI(14)48.35
LBB15.15
UBB15.29
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.22 | 15.15 | 0.07 (0.44%) | 25.00% |
| An entry @15.22. This is a Buy Stop order right above the 10 day moving average. | An exit @15.15. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- The distance between exit and entry is rather small compared to the average daily movement of EVY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
Eaton Vance New York Muni Income Trust
NYSEARCA:EVY (8/20/2021, 8:04:00 PM)
15.17
+0.01 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.07%
1 Week-0.39%
2 Weeks-0.65%
1 Month0.26%
3 Month2.02%
6 Month10.41%
12 Month15.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.36%
ATR Inc-46.31%
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
CRS41.79
Mansfield-0.63
10 Day High15.3
10 Day Low15.16
20 Day High15.3
20 Day Low15.1
52 Week High15.3
52 Week Low12.69
CS1 End15.16
CR1 Start15.21
Volume & EV
DER(3)1.19%
DER(5)0.72%
Volume28.10K
Volume Incr96.82%
Vol(5)21.04K
Vol(50)13.21K