REPORTING FOR 2019-11-13 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how BFZ has been trading over the last 2 weeks and the past day especially. On its latest session, BlackRock California Municipal Income Trust ($BFZ) opened at 13.51, reaching a high of 13.51 and a low of 13.4 before closing at a price of 13.4361. There was a total volume of 34982.
VOLUME INDICATORS FOR BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST ($BFZ): We saw an accumulation-distribution index of 26.9143, an on-balance volume of 13.4543, chaikin money flow of 0.50034 and a force index of 0.00096. There was an ease of movement rating of 0.00027, a volume-price trend of -0.12432 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST ($BFZ): We noted an average true range of 0.05592, bolinger bands of 13.43828, an upper bollinger band of 13.38172, lower bollinger band of 13.4, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 13.47333, high band keltner channel of 13.47333, low band keltner channel of 13.47333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 13.4, a donchian channel low band of 13.4, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST ($BFZ): We calculated a Moving Average Convergence Divergence (MACD) of 0.00045, a MACD signal of 0.00025, a MACD difference of 0.0002, a fast Exponential Moving Average (EMA) indicator of 13.4, a slow Exponential Moving Average (EMA) indicator of 13.4, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.49273, a trix of -1.08845, a Mass Index (MI) of 1.8, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 0.12203, a KST Oscillator (KST) of -9.02461 and a KST Oscillator (KST Signal) of -9.02461 (leaving a KST difference of 0.36977). We also found an Ichimoku rating of 13.51, an Ichimoku B rating of 13.51, a Ichimoku visual trend A of 13.59958, an Ichimoku visual trend B of 13.604, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.
MOMENTUM INDICATORS FOR BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST ($BFZ): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 49.97191, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -914.30471, a stochastic oscillator of 50.0, a stochastic oscillator signal of 50.0, a Williams %R rating of -50.0 and an awesome oscillator of 0.0015.
RETURNS FOR BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST ($BFZ): There was a daily return of -0.90246, a daily log return of 0.14914 and a cumulative return of 0.14925.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-13 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for BlackRock California Municipal Income Trust ($BFZ)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling BlackRock California Municipal Income Trust ($BFZ) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.