For its latest trading sesion, Eaton Vance Municipal Income Trust (EVN) dropped by -0.4% – here is what that looked like (as of 2019-10-29):
What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 50.16, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.055, an Accumulation/Distribution Index (ADI) of 0.055, an On-Balance Volume (OBV) of 70.359, and a Chaiikin Money Flow (CMF) of 12.51. 2.171
Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Eaton Vance Municipal Income Trust (EVN). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.
2335 Holt Street, SAINT CROIX IN 47576