After completing its last trading session, Blackrock Enhanced Government Fund, Inc (EGF) dropped by -0.4% – here is what that looked like (as of 2019-10-29):
What is the cause of all this?? To understand this better, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 33.339, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.038, an Accumulation/Distribution Index (ADI) of 0.038, an On-Balance Volume (OBV) of 35.667, and a Chaiikin Money Flow (CMF) of -12.95. 0.592
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.
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