CEV Eaton Vance California Municipal Income Trust
Asset Management NYSE
BUY CEV is showing a Bullish technical setup (BUY, 78% confidence) — RSI 58.1, MACD above its signal line. Key support $10.42, resistance $10.68.
Based on end-of-day data, updated after each U.S. market close. Not investment advice.
Trading Signals (CEV)
How these signals performed on CEV
Historical occurrences of each signal on this stock since January 2024, and the forward return that followed. Small samples are shown as-is—a handful of events is not a track record.
| Signal | Horizon | Times | Win rate | Median |
|---|---|---|---|---|
| RSI oversold recovery | 5d | 10 | 80.0% | +0.69% |
| 10d | 10 | 70.0% | +1.14% | |
| 20d | 10 | 70.0% | +0.82% | |
| RSI overbought reversal | 5d | 8 | 75.0% | +0.67% |
| 10d | 8 | 75.0% | +0.46% | |
| 20d | 8 | 62.5% | +0.84% | |
| MACD golden cross | 5d | 22 | 36.4% | -0.19% |
| 10d | 22 | 50.0% | -0.25% | |
| 20d | 21 | 42.9% | -0.10% | |
| MACD death cross | 5d | 22 | 40.9% | -0.34% |
| 10d | 22 | 50.0% | +0.05% | |
| 20d | 22 | 50.0% | +0.12% | |
| MA20/MA60 golden cross | 5d | 7 | 42.9% | -0.48% |
| 10d | 7 | 57.1% | +0.50% | |
| 20d | 7 | 28.6% | -0.58% | |
| MA20/MA60 death cross | 5d | 8 | 62.5% | +0.49% |
| 10d | 8 | 62.5% | +1.87% | |
| 20d | 7 | 42.9% | -3.09% |
Sample period from 2024-01-01 to the latest close. Returns are gross of transaction costs and do not account for liquidity. A small number of occurrences is not statistically meaningful. Full method and market-wide results: backtest.php. Not investment advice.
Overall Signal
BUY
Strong buyish signal based on multiple indicators.
Key Price Levels
Support Levels
- Strong Support $10.16
- Medium Support $10.29
- Weak Support $10.42
Resistance Levels
- Weak Resistance $10.68
- Medium Resistance $10.81
- Strong Resistance $10.94
Stop Loss Suggestions
- Conservative $10.23
- Moderate $10.35
- Aggressive $10.22
Analyst Ratings
Current Rating
Signal Indicator
| Indicator | Signal | Strength | Timeframe |
|---|---|---|---|
| Moving Averages | BUY |
|
Short & Medium Term |
| Oscillators | BUY |
|
Short Term |
| Trend Indicators | BUY |
|
Short & Medium Term |
| Volume Indicators | BUY |
|
Short & Medium Term |
| Support/Resistance | NEUTRAL |
|
Short Term |
Price Outlook Price Target Probabilities (CEV)
Quarterly Outlook :
2026-11-05
Bullish Scenario
from current 4.59%
Strong upward momentum and confirmed bullish trend, with potential for significant price appreciation. Indicators point to sustained buying pressure. ADX (20.96) indicates a developing or moderate trend. +DI > -DI suggests bullish directional bias. RSI (51.46) is in bullish territory, indicating upward momentum. MACD line (-0.02) is below Signal line (-0.01) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.24, indicating the average weekly price range.
2026-11-05
Base Scenario
from current -0.26%
Price is likely to continue its moderate trajectory, reflecting underlying market conditions and historical volatility. Indicators suggest a balanced outlook. ADX (20.96) indicates a developing or moderate trend. +DI > -DI suggests bullish directional bias. RSI (51.46) is in bullish territory, indicating upward momentum. MACD line (-0.02) is below Signal line (-0.01) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.24, indicating the average weekly price range.
2026-11-05
Bearish Scenario
from current -4.59%
Increased selling pressure and potential for a significant price correction or downtrend. Indicators suggest waning bullish momentum or strengthening bearish forces. ADX (20.96) indicates a developing or moderate trend. +DI > -DI suggests bullish directional bias. RSI (51.46) is in bullish territory, indicating upward momentum. MACD line (-0.02) is below Signal line (-0.01) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.24, indicating the average weekly price range.
Annual Outlook
2026-11-05
Bullish Scenario
from current 9.18%
Long-term bullish trend with strong fundamental catalysts and sustained institutional buying. Expect significant capital appreciation over the year. ADX (20.96) indicates a developing or moderate trend. +DI > -DI suggests bullish directional bias. RSI (51.46) is in bullish territory, indicating upward momentum. MACD line (-0.02) is below Signal line (-0.01) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.24, indicating the average weekly price range.
2026-11-05
Base Scenario
from current -0.51%
Steady long-term growth consistent with market and industry averages. Price expected to follow a typical growth trajectory. ADX (20.96) indicates a developing or moderate trend. +DI > -DI suggests bullish directional bias. RSI (51.46) is in bullish territory, indicating upward momentum. MACD line (-0.02) is below Signal line (-0.01) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.24, indicating the average weekly price range.
2026-11-05
Bearish Scenario
from current -9.18%
Long-term bearish trend with significant headwinds from economic factors, industry disruption, or company-specific issues. Expect notable price depreciation. ADX (20.96) indicates a developing or moderate trend. +DI > -DI suggests bullish directional bias. RSI (51.46) is in bullish territory, indicating upward momentum. MACD line (-0.02) is below Signal line (-0.01) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.24, indicating the average weekly price range.
Technical Analysis (CEV)
Trend Identification
EMA
Exponential Moving Average
Current price (10.55) is above both Short MA (10.30) and Long MA (10.38). This indicates strong bullish momentum. Short MA (10.30) is below Long MA (10.38), a bearish crossover ('Death Cross' if it's a significant period). This indicates a downward trend. MAs (10.30, 10.38, 10.35) show mixed alignment, suggesting market indecision or range-bound activity.
MACD
Moving Average Convergence Divergence
MACD line is above the Signal line (bullish crossover). This indicates upward momentum. Histogram (0.0300) is positive and expanding, confirming bullish momentum. Both MACD and Signal lines are above the zero line, reinforcing bullish momentum (bullish territory). This is a strong buy signal. Consider long positions.
ADX
Average Directional Index
ADX (15.99) indicates a weak or non-existent trend (ranging market). +DI (20.54) is above -DI (17.66), suggesting a bullish directional bias. Avoid trend-following strategies. Consider range-bound or reversal strategies, or wait for a clearer trend to develop.
Momentum Measurement
RSI (2026-11-05)
Relative Strength Index
RSI (58.09) is in the bullish territory, but not yet overbought. This indicates upward momentum. Monitor for continuation or signs of weakness.
OBV (2026-11-05)
On-Balance Volume
OBV (499254.00) is rising, indicating buying pressure and accumulation. Price is rising and OBV is rising. This is bullish confirmation, indicating buying pressure supports the price increase. Consider holding long positions or initiating new ones. Volume is supporting the trend.
Stochastic (2026-11-05)
Stochastic Oscillator
Stochastics (%K: 52.42, %D: 48.36) are in the neutral zone (between 20 and 80). A bullish crossover (%K above %D) is observed. This indicates upward momentum. Be cautious if it's already in the overbought region.
CCI (2026-11-05)
Commodity Channel Index
CCI (99.71) is between 0 and +100. This indicates bullish momentum is present, but not yet extreme. A move above 0 from negative territory (bullish zero-line cross) can indicate a potential buy signal.
Volatility Measurement
ATR (2026-11-05)
Average True Range
Current ATR is 0.1800. ATR indicates average volatility. Market conditions are relatively stable.
Bollinger Bands (2026-11-05)
Volatility Bands
Current price (10.55) is within the Bollinger Bands (9.91 - 10.69). This suggests the price is trading within its typical volatility range. Price is above the Middle Band (10.30), indicating short-term bullish bias.
Risk Management & Potential Reversals (CEV)
SAR (2026-11-05)
Parabolic Stop and Reverse
SAR points below price indicate bullish trend. Current SAR at 10.23 is 3.03% from price. Consider SAR as a potential stop-loss level to protect gains in an uptrend.
Stochastic (2026-11-05)
Neutral
Stochastic is in neutral territory (52.4). No clear overbought/oversold signal. Current crossover status: Bullish.
RSI (2026-11-05)
Reversal Perspective
Current RSI level is in neutral territory. No RSI divergence detected. Current RSI level doesn't suggest imminent reversal.
Bollinger Bands (2026-11-05)
Reversal Perspective
Bands show normal bandwidth. Price is in the upper half of the bands, suggesting a bullish bias.No indication of imminent volatility expansion or reversal.
Holder List Top 20 (CEV)
| Holder Name | Holder Type | Shares | Pct. Held | Date Reported |
|---|---|---|---|---|
| Saba Capital Management, L.P. | INSTITUTIONAL | 638737 | 9.08% | 2025-03-31 |
| Guggenheim Capital, LLC | INSTITUTIONAL | 165767 | 2.36% | 2025-03-31 |
| Hennion & Walsh Asset Management, Inc. | INSTITUTIONAL | 162971 | 2.32% | 2025-03-31 |
| Wolverine Asset Management, LLC | INSTITUTIONAL | 95569 | 1.36% | 2025-03-31 |
| Morgan Stanley | INSTITUTIONAL | 85419 | 1.21% | 2025-03-31 |
| Logan Stone Capital, LLC | INSTITUTIONAL | 62025 | 0.88% | 2025-03-31 |
| Almitas Capital LLC | INSTITUTIONAL | 61330 | 0.87% | 2025-03-31 |
| Royal Bank of Canada | INSTITUTIONAL | 57933 | 0.82% | 2025-03-31 |
| Exchange Listed Funds Trust-Saba Closed-End Funds ETF | MUTUALFUND | 56366 | 0.8% | 2025-02-28 |
| Advisors Asset Management, Inc. | INSTITUTIONAL | 53275 | 0.76% | 2025-03-31 |
| LPL Financial LLC | INSTITUTIONAL | 49449 | 0.7% | 2025-03-31 |
| Saba Capital Income & Opportunities Fund | MUTUALFUND | 9541 | 0.14% | 2025-01-31 |