EVM Eaton Vance California Municipal Forecast, Technical & Fundamental Analysis
Eaton Vance California Municipal Bond Fund is an investment company with an objective to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state... Show more
EVM sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for EVM moved below the 200-day moving average on April 16, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where EVM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
EVM moved below its 50-day moving average on April 04, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for EVM crossed bearishly below the 50-day moving average on April 04, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EVM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where EVM's RSI Indicator exited the oversold zone, of 42 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 24, 2025. You may want to consider a long position or call options on EVM as a result. In of 84 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 EVM just turned positive on April 24, 2025. Looking at past instances where EVM's MACD turned positive, the stock continued to rise in of 52 cases 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 EVM advanced for three days, in of 295 cases, the price rose further within the following month. The odds of a continued upward trend are .
EVM 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
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EVM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EVM has been loosely correlated with NAC. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if EVM jumps, then NAC could also see price increases.