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ETW stock – Eaton Vance Tax Managed Global Buy Write Opportunities Closed Fund sideways range & retest history

NYSE

On the weekly chart, ETW has been moving sideways between $7.57 and $9.50 since 14 Aug 2022.

Since 2019, NasdaqScan has found 3 sideways ranges in ETW. Completed ranges lasted 830 days on average, from 742 to 917 days. Of those 2, 1 broke upward and 1 broke downward. The current range is 25% wide from low to high. The latest retest signal NasdaqScan detected in ETW was in the week of 13 Mar 2022, below the earlier $9.63 – $11.37 range.

The pattern: price breaks out below a long sideways range, the pullback back into the range fails, and price comes back to retest the low. Traders also call this a spring. NasdaqScan flags the weekly candle that makes the retest.

Charts are only kept for recent signals, so there is no chart for this signal.

Sideways ranges

RangeStartedEndedHow it endedRetest signals (week of)
$7.57 – $9.5014 Aug 2022Open——
$9.63 – $11.3728 Feb 202112 Mar 2023 (742 days)Broke below the range at $8.3513 Mar 2022 (Go ahead)
$8.60 – $10.4216 Jun 201919 Dec 2021 (917 days)Broke above the range at $10.51—

Retest signals detected

  • Week of 13 Mar 2022: retest of the low after a breakout below a sideways range, 378 days after the range began (Go ahead)

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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.

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