EVLN Eaton Vance Floating-Rate ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide a high level of current income... Show more
EVLN's Indicator enters downward trend
The Aroon Indicator for EVLN entered a downward trend on April 10, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 3 similar instances where the Aroon Indicator formed such a pattern. In of the 3 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on March 28, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on EVLN as a result. In of 9 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EVLN advanced for three days, in of 82 cases, the price rose further within the following month. The odds of a continued upward trend are .
EVLN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category BankLoan
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| FNGO | 66.80 | 2.39 | +3.71% |
| MicroSectors™ FANG+™ 2X Leveraged ETN | |||
| VUG | 360.20 | 6.91 | +1.96% |
| Vanguard Growth ETF | |||
| USXF | 44.89 | 0.83 | +1.88% |
| iShares® ESG Advanced MSCI USA ETF | |||
| XDQQ | 30.84 | 0.53 | +1.76% |
| Innovator Gr 100 Acltd ETF™ Quarterly | |||
| EDF | 4.32 | 0.07 | +1.65% |
| Virtus Stone Harbor Emerging Markets Income Fund | |||
EVLN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EVLN has been closely correlated with SRLN. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if EVLN jumps, then SRLN could also see price increases.
| Ticker / NAME | Correlation To EVLN | 1D Price Change % | ||
|---|---|---|---|---|
| EVLN | 100% | -1.28% | ||
| SRLN - EVLN | 83% Closely correlated | -1.06% | ||
| BKLN - EVLN | 79% Closely correlated | -0.97% | ||
| JBBB - EVLN | 68% Closely correlated | -1.35% | ||
| OXLC - EVLN | 58% Loosely correlated | -6.18% | ||
| FTSL - EVLN | 55% Loosely correlated | -0.47% | ||
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