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ETB
ETF ticker: NYSE
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410.07M

ETB Eaton Vance Tax-Managed Buy-Write Income Fund Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for ETB with price predictions
07:00 PM EST Nov 29, 2023

Momentum Indicator for ETB turns positive, indicating new upward trend

ETB saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned positive. In of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ETB just turned positive on November 02, 2023. Looking at past instances where ETB's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

ETB moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ETB crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETB advanced for three days, in of 327 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 274 cases where ETB 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for ETB moved below the 200-day moving average on October 26, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ETB broke above its upper Bollinger Band on November 27, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Eaton Vance Tax-Managed Buy-Write Income Fund is a United States-based diversified closed-controlled investment company. The fund's investment objective is to provide current income and gains, with a secondary objective of capital appreciation. It invests in a diversified portfolio of common stocks and writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to generate current earnings from the option premium. Its portfolio of investments consists of aerospace and defense, banks, biotechnology, chemicals, consumer finance, industrial conglomerates, food, and staples retailing.

Volume

The average weekly volume growth across all stocks in the Eaton Vance Tax-Managed Buy-Write Income Fund ETF was 16%. For the same stocks of the ETF, the average monthly volume growth was 5% and the average quarterly volume growth was -9%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 66
P/E Growth Rating: 50
Price Growth Rating: 63
SMR Rating: 56
Profit Risk Rating: 34
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Derivative Income
Address
Two International PlaceBoston
Phone
N/A
Web
www.eatonvance.com
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ETB and

Correlation & Price change

A.I.dvisor indicates that over the last year, ETB has been closely correlated with JEPQ. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if ETB jumps, then JEPQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ETB
1D Price
Change %
ETB100%
-0.61%
JEPQ - ETB
75%
Closely correlated
-0.08%
XYLD - ETB
72%
Closely correlated
+0.08%
JEPI - ETB
71%
Closely correlated
+0.38%
QYLD - ETB
71%
Closely correlated
-0.06%
ETY - ETB
70%
Closely correlated
+0.08%
More