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ETO
ETF ticker: NYSE
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Net Assets
384.47M

ETO Eaton Vance Tax-Advantaged Global Div Oppor Fund Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for ETO with price predictions
08:00 PM EDT Sep 26, 2023

ETO in -0.83% downward trend, falling for three consecutive days on September 25, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ETO declined for three days, in of 290 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ETO as a result. In of 70 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 ETO turned negative on September 07, 2023. 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

ETO moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ETO crossed bearishly below the 50-day moving average on August 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The Aroon Indicator for ETO entered a downward trend on September 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ETO's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETO advanced for three days, in of 368 cases, the price rose further within the following month. The odds of a continued upward trend are .

ETO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Eaton Vance Tax-advtgd Global Divid Oppo is a diversified, closed-end management investment company. Its investment objective is to provide a high level of after-tax total return consisting of tax-advantaged dividend income and capital appreciation. The fund pursues its objective by investing primarily in dividend-paying common and preferred stocks. The portfolio of investments consists of capital markets, chemicals, diversified, beverages, banks, electric utilities, oil, gas and consumable fuels, personal products, and other areas.

Volume

The average weekly volume growth across all stocks in the Eaton Vance Tax-Advantaged Global Div Oppor Fund ETF was 14%. For the same stocks of the ETF, the average monthly volume growth was 15% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

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

Valuation Rating: 51
P/E Growth Rating: 61
Price Growth Rating: 65
SMR Rating: 58
Profit Risk Rating: 43
Seasonality Score: 20 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Global Allocation
Address
Two International PlaceBoston
Phone
N/A
Web
www.eatonvance.com
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ETO and

Correlation & Price change

A.I.dvisor indicates that over the last year, ETO has been closely correlated with AOA. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if ETO jumps, then AOA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ETO
1D Price
Change %
ETO100%
-0.37%
AOA - ETO
88%
Closely correlated
-0.09%
ETG - ETO
88%
Closely correlated
+0.65%
PCEF - ETO
83%
Closely correlated
-0.24%
JRI - ETO
76%
Closely correlated
-0.67%
RLY - ETO
74%
Closely correlated
+0.18%
More