CEV Stock Summary and Trading Ideas (Ev Ca Muni Income | AMEX:CEV)

The Trusts’ investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state.

Ev Ca Muni Income trades on the AMEX stock market under the symbol CEV.

As of April 24, 2024, CEV stock price declined to $10.41 with 5,563 million shares trading.

CEV has a beta of 0.45, meaning it tends to be less sensitive to market movements. CEV has a correlation of 0.23 to the broad based SPY ETF.

CEV has a market cap of $73.22 million. This is considered a Micro Cap stock.

In the last 3 years, CEV stock traded as high as $14.55 and as low as $8.83.

CEV has underperformed the market in the last year with a return of +6.5%, while the SPY ETF gained +24.0%. In the last 3 month period, CEV fell short of the market, returning +1.0%, while SPY returned +4.4%. However, in the most recent 2 weeks CEV has outperformed the stock market by returning +0.4%, while SPY returned -2.9%.

CEV support price is $10.32 and resistance is $10.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CEV stock will trade within this expected range on the day.