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's RSI Oscillator climbs out of oversold territory
The RSI Oscillator for CEV moved out of oversold territory on April 14, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 28 similar instances when the indicator left oversold territory. In of the 28 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 24, 2025. You may want to consider a long position or call options on CEV as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CEV just turned positive on April 24, 2025. Looking at past instances where CEV's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CEV advanced for three days, in of 282 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.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
CEV moved below its 50-day moving average on April 04, 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 .
The Aroon Indicator for CEV entered a downward trend on April 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 64% 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.