EVHY Eaton Vance High Yield ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide a high level of current income; growth of income and capital is the secondary consideration... Show more
EVHY's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for EVHY turned positive on June 24, 2025. Looking at past instances where EVHY's MACD turned positive, the stock continued to rise in of 17 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 153 cases where EVHY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
EVHY broke above its upper Bollinger Band on June 23, 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 HighYieldBond
EVHY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EVHY has been closely correlated with SPHY. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if EVHY jumps, then SPHY could also see price increases.
| Ticker / NAME | Correlation To EVHY | 1D Price Change % | ||
|---|---|---|---|---|
| EVHY | 100% | -0.07% | ||
| SPHY - EVHY | 80% Closely correlated | -0.04% | ||
| SHYG - EVHY | 80% Closely correlated | +0.02% | ||
| JNK - EVHY | 80% Closely correlated | -0.08% | ||
| HYG - EVHY | 80% Closely correlated | -0.05% | ||
| USHY - EVHY | 80% Closely correlated | N/A |