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ETF ticker: NYSE
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204.64M

ETX EATON VANCE Municipal Income 2028 TERM TRUST Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for ETX with price predictions
07:00 PM EST Dec 03, 2023

ETX in upward trend: 10-day moving average crossed above 50-day moving average on November 03, 2023

The 10-day moving average for ETX crossed bullishly above the 50-day moving average on November 03, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on ETX as a result. In of 92 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 ETX just turned positive on November 15, 2023. Looking at past instances where ETX's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .

ETX moved above its 50-day moving average on October 31, 2023 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 ETX advanced for three days, in of 280 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 181 cases where ETX 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 10-day RSI Indicator for ETX moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

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.

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

ETX broke above its upper Bollinger Band on November 16, 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 Municipal Income 2028 Term Trust is a closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax. The fund invests in various sectors such as a bond bank, education, housing, electric utilities, transportation, and others.
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
High Yield Muni
Address
Two International PlaceBoston
Phone
(617) 482-8260
Web
www.eatonvance.com
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ETX and

Correlation & Price change

A.I.dvisor indicates that over the last year, ETX has been loosely correlated with NZF. These tickers have moved in lockstep 38% of the time. This A.I.-generated data suggests there is some statistical probability that if ETX jumps, then NZF could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ETX
1D Price
Change %
ETX100%
-0.87%
NZF - ETX
38%
Loosely correlated
-0.34%
NVG - ETX
37%
Loosely correlated
+0.09%
HYD - ETX
33%
Loosely correlated
-0.34%
NMZ - ETX
29%
Poorly correlated
-0.25%
HYMB - ETX
27%
Poorly correlated
-0.24%