ENX Eaton Vance New York Municipal Forecast, Technical & Fundamental Analysis
Eaton Vance New York Municipal Bond Fund is principally engaged in managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions... Show more
ENX in upward trend: 10-day moving average moved above 50-day moving average on February 04, 2025
The 10-day moving average for ENX crossed bullishly above the 50-day moving average on February 04, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 24, 2025. You may want to consider a long position or call options on ENX as a result. In of 81 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 ENX just turned positive on February 24, 2025. Looking at past instances where ENX's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
ENX moved above its 50-day moving average on February 13, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ENX advanced for three days, in of 273 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 254 cases where ENX 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
ENX broke above its upper Bollinger Band on February 05, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
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ENX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ENX has been loosely correlated with BNY. These tickers have moved in lockstep 50% of the time. This A.I.-generated data suggests there is some statistical probability that if ENX jumps, then BNY could also see price increases.