We assign a technical rating of 7 out of 10 to CMF. Although CMF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although CMF has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
53.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 56.86 to 57.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.51 to 55.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 57.79 to 57.83. 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 | UP | POSITIVE | The long term trend for CMF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMF is up. |
| ChartMill Relative Strength | 40.18 | NEUTRAL | CMF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.57 | OVERBOUGHT | The high RSI value suggests CMF may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CMF has a positive trend. |
| Stochastics (14,3) | 92.49 | OVERBOUGHT | The high Stochastics value suggests CMF may be overbought. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for CMF suggests low volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for CMF suggests a weak or negative trend. |
57.78
+0.09 (+0.16%)
ISHARES CALIFORNIA MUNI BOND / CMF FAQ
Can you provide the ChartMill technical rating for ISHARES CALIFORNIA MUNI BOND?
ChartMill assigns a technical rating of 7 / 10 to CMF.
What is the trend direction for CMF stock?
The current trend direction for ISHARES CALIFORNIA MUNI BOND (CMF) is Bullish.
What is the RSI signal for CMF stock?
ISHARES CALIFORNIA MUNI BOND (CMF) has an RSI value of 71.5725. This indicates that the stock is currently overbought.
What is the short term momentum for ISHARES CALIFORNIA MUNI BOND (CMF) stock?
The short term momentum for ISHARES CALIFORNIA MUNI BOND (CMF) is positive.
What is the buy/sell signal for ISHARES CALIFORNIA MUNI BOND (CMF) stock?
The buy/sell signal for ISHARES CALIFORNIA MUNI BOND (CMF) is buy as both the short term and long term trends are positive.