CEV Eaton Vance California Municipal Income Trust Forecast, Technical & Fundamental Analysis
Eaton Vance CA Muni Income Trust is a non-diversified closed-end investment company... Show more
CEV sees its Stochastic Oscillator climbs out of oversold territory
On June 03, 2025, the Stochastic Oscillator for CEV moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 60 instances where the indicator left the oversold zone. In of the 60 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CEV advanced for three days, in of 284 cases, the price rose further within the following month. The odds of a continued upward trend are .
CEV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 239 cases where CEV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 06, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CEV as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CEV turned negative on May 22, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
CEV moved below its 50-day moving average on May 20, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CEV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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General Information
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CEV and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CEV has been loosely correlated with NAC. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if CEV jumps, then NAC could also see price increases.