ETB Eaton Vance Tax-Managed Buy-Write Income Fund Forecast, Technical & Fundamental Analysis
Eaton Vance Tax-Managed Buy-Write Income Fund is a United States-based diversified closed ended management investment company... Show more
Aroon Indicator for ETB shows an upward move is likely
ETB's Aroon Indicator triggered a bullish signal on June 13, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 341 similar instances where the Aroon Indicator showed a similar pattern. In of the 341 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 29, 2025. You may want to consider a long position or call options on ETB as a result. In of 85 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 ETB just turned positive on June 11, 2025. Looking at past instances where ETB's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ETB moved out of overbought territory on June 13, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 57 similar instances where the indicator moved out of overbought territory. In of the 57 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ETB broke above its upper Bollinger Band on May 12, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
Category Unknown
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ETB and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ETB has been closely correlated with JEPQ. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if ETB jumps, then JEPQ could also see price increases.
| Ticker / NAME | Correlation To ETB | 1D Price Change % | ||
|---|---|---|---|---|
| ETB | 100% | -0.77% | ||
| JEPQ - ETB | 86% Closely correlated | -0.85% | ||
| QYLD - ETB | 84% Closely correlated | -0.24% | ||
| JEPI - ETB | 84% Closely correlated | -0.71% | ||
| DIVO - ETB | 83% Closely correlated | -1.12% | ||
| KNG - ETB | 68% Closely correlated | -0.99% | ||
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