Is Eaton Vance Municipal Bond Fund (EIM) Price Targeted To Increase?


As of Wednesday close, Eaton Vance Municipal Bond Fund’s (AMEX:EIM) stock was down -$0.04, moving down -0.39 percent to $10.14. The average number of shares traded per day over the past five days has been 277,260 shares. 5 times new highs have been achieved over the past 5 days, with a $0.22 gain in that time frame. In the last twenty days, the average volume was 230,040, while in the previous 50 days, it was 203,966.

Since last month, EIM stock rose 7.30%. Shares of the company fell to $9.38 on 11/09/22, the lowest level in the past month. A 52-week high of $13.68 was reached on 01/04/22 after having rallying from a 52-week low of $9.38. Since the beginning of this year, EIM’s stock price has dropped by -25.33% or -$3.44, and marked a new high 2 times. However, the stock has declined by -25.88% since its 52-week high.

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EIM stock investors should be aware that Eaton Vance Municipal Bond Fund (EIM) stock had its last reported insider trading activity 162 days ago on Jun 15. BRANDON CRAIG R, the Portfolio Management of the company, purchased of 25,000 shares for $10.37 on Jun 15. It resulted in a $259,190 investment by the insider. BRANDON CRAIG R added 22,665 shares at an average price of $10.91 on Apr 21. The insider now owns 44,415 shares following the transaction. On Mar 16, Portfolio Management BRANDON CRAIG R bought 21,750 shares at $11.44 apiece. The transaction was valued at $248,776.

Technical Picture

This quick technical analysis looks at Eaton Vance Municipal Bond Fund’s (EIM) price momentum. With a historical volatility rate of 8.38%, the RSI 9-day stood at 77.51% on 23 November.

With respect to its five-day moving average, the current Eaton Vance Municipal Bond Fund price is up by +2.22% percent or $0.22. At present, EIM shares trade +6.40% above its 20-day simple moving average and -6.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.84% below its SMA50 and -17.96% below its SMA200.

Stochastic coefficient K was 95.43% and Stochastic coefficient D was 93.51%, while ATR was 0.13. Given the Stochastic reading of 91.57% for the 14-day period, the RSI (14) reading has been calculated as 70.13%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.33.


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