BLACKROCK CA MUNI INC TR (BFZ) Stock Technical Analysis
NYSE:BFZ - New York Stock Exchange, Inc. - US09248E1029 - Currency: USD
Taking everything into account, BFZ scores 2 out of 10 in our technical rating. In the past year, BFZ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, BFZ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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10.09
When analyzing the support we notice one important area.
- A support zone ranging from 10.19 to 10.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.84 to 10.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.09 to 11.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @11.37 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.03 to 12.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BFZ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BFZ is neutral. |
| ChartMill Relative Strength | 19.5 | NEGATIVE | BFZ has a low relative strength, it was outperformed by 80.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BFZ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BFZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BFZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.35 | NEUTRAL | The RSI value for BFZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BFZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.2 | NEUTRAL | The Stochastics value for BFZ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for BFZ suggests low volalility. |
| Average Directional Index/ADX (14) | 13.05 | NEGATIVE | The low ADX value for BFZ suggests a weak or negative trend. |
NYSE:BFZ (6/30/2025, 4:10:03 PM)
10.81
+0.01 (+0.09%)