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Eaton Vance Corp. (EV)

Eaton Vance stock forecast: buy or sell

Close on Oct 23rd, 2020
$62.06 +0.15%
3 months performance
68.30%
Published: October 25th, 2020 - 4.51pm EDT

Eaton Vance stock outlook

  • After hitting new all-time highs on Friday, Eaton Vance closed at $62.06 only moving a 0.15%
  • Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States.

Important note:
The viewpoints expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the specific scenarios of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for general educational motives only

Eaton Vance stock charts

Should I buy Eaton Vance stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $EV stock a buy?

Currently, Eaton Vance stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $EV will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Eaton Vance stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies let us to avoid impulsive decisions based on our moods or the noise that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for shorting $EV stock

A golden rule is that you must never hold a trading operation that yields losses greater than those expected upon purchase. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Eaton Vance stock?

In the current situation of Eaton Vance there is not any eligible sell setup, so Eaton Vance stock holders with operations in profit can keep their positions

Analysts' recommendations to buy or sell Eaton Vance stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, 2 brokerage ratings were published for Eaton Vance

Eaton Vance ratings

Brokerage firmRating
Sep 30th, 2020
Deutsche Bank NeutralStrong buy
Oct 8th, 2020
Deutsche Bank Strong buyNeutral

Technical analysis

Since in late July, Eaton Vance has been drawing an uptrend that by now marked an amazing 75.41%. The price shows rising highs and lows, and along the way gave very few buying opportunities for those who wanted to enter. Latest low was in late September, when price bounced at $35.66. On October 8, Eaton Vance broke out above its last top ($42.44) offering a good buy point that resulted in a 46.23% profit

$EV at All-time Highs

Eaton Vance did it again, and marked new all-time highs (ATH) on Friday at $62.45. Stock rallied fast in the last 10 sessions, smashing new all-time highs 6 times

SMAs overview

A favorite tool of many trading systems are the moving averages, that easily show market direction. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

EV SMAs chart

Supports and resistances

Investors use supports and resistances as a way to find price points in the stock price action that tend to behave as obstacles, preventing the price of an asset to move in certain direction. A support level is a level where the price may find support as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it is likely to continue falling until meeting another support level. On the contrary, a resistance level is where the price may find a curb as it moves up. Again, this means that the price is more liable to "bounce off" at this level, and if it finally breaches this level, it will rise easily until it meets the next resistance

Price is at all-time highs and there are not upper resistances.

The current support levels are:

  • S1: $55.88 (-9.96% below)
  • S2: $54.25 (-12.58% below)
  • S3: $54.04 (-12.92% below)
  • Bollinger bands

    So-called Bollinger bands are a well-known practice created by John Bollinger. Essentially, the Bollinger Bands are lines that move around a moving average, varying the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    EV RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. Its objective is to map the current and past strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI fluctuates from 0% to 100%. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by stock traders

    Relative strength (RSI) crossed over the 70 level Friday, marking a reading of 84.05. Crossing up above the overvalued zone is not a bearish signal, as stock price can be above the level of 70 for many, many weeks and may continue to rally

    EV RSI chart

    Earnings and financials

    In late August, Eaton Vance ($EV) had the quarterly shareholders call and posted the fiscal third-quarter report. Eaton Vance underperformed analysts estimates and presented a per-share earnings of $0.82, that is a -5.75% less than the predictions of $0.87.

    In comparing, the EPS for the same quarter last year was $0.95, so reported EPS means a reduction of -13.68%.

    Eaton Vance ($EV) will host the quarterly earnings call on late next November. Wall Street expects a per-share earnings of $0.86, compared to Q3 that made $0.82.

    EV revenues and profits chart