How the (ETY) price action is used to our Advantage
July 01, 2024, 08:02 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ETY
- Buy ETY slightly over 13.42 target 14.07 stop loss @ 13.38 Details
The technical summary data tells us to buy ETY near 13.42 with an upside target of 14.07. This data also tells us to set a stop loss @ 13.38 to protect against excessive loss in case the stock begins to move against the trade. 13.42 is the first level of support below 14.05 , and by rule, any test of support is a buy signal. In this case, support 13.42 is being tested, a buy signal would exist.
- Short ETY slightly under 14.07, target 13.42, stop loss @ 14.11 Details
The technical summary data is suggesting a short of ETY as it gets near 14.07 with a downside target of 13.42. We should have a stop loss in place at 14.11though. 14.07 is the first level of resistance above 14.05, and by rule, any test of resistance is a short signal. In this case, if resistance 14.07 is being tested, a short signal would exist.
Swing Trading Plans for ETY
- Buy ETY slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy ETY just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 14.05, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ETY slightly near n/a, target 13.42, Stop Loss @ 0. Details
The technical summary data is suggesting a short of ETY if it tests n/a with a downside target of 13.42. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ETY
- Buy ETY slightly over 14.18, target n/a, Stop Loss @ 14.15 Details
If 14.18 begins to break higher, the technical summary data tells us to buy ETY just slightly over 14.18, with an upside target of n/a. The data also tells us to set a stop loss @ 14.15 in case the stock turns against the trade. 14.18 is the first level of resistance above 14.05, and by rule, any break above resistance is a buy signal. In this case, 14.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ETY slightly near 14.18, target 13.42, Stop Loss @ 14.21. Details
The technical summary data is suggesting a short of ETY if it tests 14.18 with a downside target of 13.42. We should have a stop loss in place at 14.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Eaton Vance Tax-managed Diversified Equity Income Fund Of Beneficial Interest (ETY) available here: ETY.
ETY Ratings for July 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
12.73 |
| P2 |
14.18 |
14.13 |
13.42 |
| P3 |
0 |
|
14.07 |
AI Generated Signals for ETY
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Eaton Vance Tax-managed Diversified Equity Income Fund Of Beneficial Interest (NYSE: ETY) data table below can help you with price action, and we have more details too. Trading plans for ETY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ETY:
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