EATON VANCE LTD. - 1H - Technical analysis published on 04/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 9.46 USD
My targets
9.27 USD (-1.49%)
8.96 USD (-4.78%)
My analysis
The bearish trend is currently very strong for EATON VANCE LTD.. As long as the price remains below the resistance at 9.46 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.27 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.96 USD as an objective. Crossing it would then enable sellers to target 8.37 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EATON VANCE LTD. price is 9.41 USD. The price is lower by -0.32% since the last closing with the lowest point at 9.39 USD and the highest point at 9.44 USD. The deviation from the price is +0.21% for the low point and -0.32% for the high point.9.39
9.44
9.41
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EATON VANCE LTD.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EATON VANCE LTD. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.37 | 8.96 | 9.27 | 9.41 | 9.46 | 9.50 | 9.62 |
| Change (%) | -11.05% | -4.78% | -1.49% | - | +0.53% | +0.96% | +2.23% |
| Change | -1.04 | -0.45 | -0.14 | - | +0.05 | +0.09 | +0.21 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.26 | 9.33 | 9.39 | 9.46 | 9.52 | 9.59 | 9.65 |
| Camarilla | 9.40 | 9.42 | 9.43 | 9.44 | 9.45 | 9.46 | 9.48 |
| Woodie | 9.25 | 9.33 | 9.38 | 9.46 | 9.51 | 9.59 | 9.64 |
| Fibonacci | 9.33 | 9.38 | 9.41 | 9.46 | 9.51 | 9.54 | 9.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.24 | 9.37 | 9.45 | 9.58 | 9.66 | 9.79 | 9.87 |
| Camarilla | 9.47 | 9.49 | 9.51 | 9.53 | 9.55 | 9.57 | 9.59 |
| Woodie | 9.22 | 9.36 | 9.43 | 9.57 | 9.64 | 9.78 | 9.85 |
| Fibonacci | 9.37 | 9.45 | 9.50 | 9.58 | 9.66 | 9.71 | 9.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.35 | 9.48 | 9.58 | 9.71 | 9.81 | 9.94 | 10.04 |
| Camarilla | 9.61 | 9.63 | 9.65 | 9.67 | 9.69 | 9.71 | 9.73 |
| Woodie | 9.33 | 9.47 | 9.56 | 9.70 | 9.79 | 9.93 | 10.02 |
| Fibonacci | 9.48 | 9.57 | 9.63 | 9.71 | 9.80 | 9.86 | 9.94 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.23 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -13.14 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 9.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.48 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 9.51 | |
| Zig ZAG (10): | 9.42 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 9.44 | |
| TEMA (21): | 9.40 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.31 |
| MA7: | 9.51 | |
| MA20: | 9.60 | |
| MA50: | 9.65 | |
| MA100: | 9.43 | |
| MAexp7: | 9.42 | |
| MAexp20: | 9.46 | |
| MAexp50: | 9.52 | |
| MAexp100: | 9.56 | |
| Price / MA7: | -1.05% | |
| Price / MA20: | -1.98% | |
| Price / MA50: | -2.49% | |
| Price / MA100: | -0.21% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.53% | |
| Price / MAexp50: | -1.16% | |
| Price / MAexp100: | -1.57% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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