EVN:NYSEEaton Vance Municipal Income Trust Analysis
Data as of 2026-06-30 - not real-time
$11.15
Latest Price
4/10Risk
Risk Level: Medium
Executive Summary
EVN is trading at $11.15, comfortably above its 20‑day ($10.915), 50‑day ($10.706) and 200‑day ($10.841) simple moving averages, suggesting short‑term strength. The MACD histogram is positive and the signal line is bullish, while the RSI sits at 68.6, indicating momentum is high but not yet in overbought territory.
Support sits at $10.63 and immediate resistance at $11.16, so the price is poised near a short‑term ceiling. The fund trades at NAV (discount/premium = 0), carries a low beta of 0.24, and shows moderate 30‑day volatility of 11 %, all underscored by an extreme‑greed market sentiment (Fear & Greed Index = 89.96). The 5.52 % dividend yield adds income appeal, while the max drawdown of just over 10 % signals limited downside risk.
Support sits at $10.63 and immediate resistance at $11.16, so the price is poised near a short‑term ceiling. The fund trades at NAV (discount/premium = 0), carries a low beta of 0.24, and shows moderate 30‑day volatility of 11 %, all underscored by an extreme‑greed market sentiment (Fear & Greed Index = 89.96). The 5.52 % dividend yield adds income appeal, while the max drawdown of just over 10 % signals limited downside risk.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 7/10
Key Factors
- Price near immediate resistance at $11.16
- High but sub‑overbought RSI
- Stable discount/premium at NAV
Medium Term
1–3 yearsPositive
Model confidence: 8/10
Key Factors
- Attractive 5.52% dividend yield
- Low beta indicating limited market volatility
- Consistent NAV trading and modest max drawdown
Long Term
> 3 yearsPositive
Model confidence: 9/10
Key Factors
- Municipal income focus with tax‑advantaged distributions
- Historical stability and low correlation to equity markets
- Favorable market sentiment and strong income generation
Key Metrics & Analysis
Closed-End Fund Metrics
Market Price11.15
Discount/Premium0.00%
Discount TrendStable
Technical Analysis
TrendNeutral
RSI68.7
Support$10.63
Resistance$11.16
MA 20$10.91
MA 50$10.71
MA 200$10.84
MACDBullish
VolumeStable
Fear & Greed Index89.96
Risk Assessment
Beta0.24
Volatility11.07%
Sector RiskLow
Currency RiskLow
Liquidity RiskMedium
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.