For its latest trading sesion, BlackRock California Municipal Income Trust (NYSE:BFZ) dropped by -0.1% – here is what that looked like (as of 2019-12-11):
What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 19.864, 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 0.053, an Accumulation/Distribution Index (ADI) of 0.053, an On-Balance Volume (OBV) of 54.13, and a Chaiikin Money Flow (CMF) of -13.54. 3.0
So what do these technical indicators mean? Let’s see. According to Trading View, this is what it all means:
So there you have it – our analysis of BlackRock California Municipal Income Trust (NYSE:BFZ). 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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