BLACKROCK ENHANCED GOVERN (EGF) Stock Technical Analysis
NYSE:EGF - New York Stock Exchange, Inc. - US09255K1088 - Currency: USD
Overall EGF gets a technical rating of 2 out of 10. EGF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
EGF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: EGF has an average volume of 2332 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, EGF outperforms 67% of them, which is more or less in line with the market.
In the last month EGF has a been trading in a tight range between 9.52 and 10.06.
Although the technical rating is bad, EGF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EGF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.96
10.61
We found 3 important support areas.
- A support zone ranging from 9.50 to 9.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.25 from a horizontal line in the daily time frame.
- A support zone ranging from 9.05 to 9.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.73 to 9.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.26 to 10.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.50 to 10.50. 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 | NEUTRAL | NEUTRAL | The long term trend for EGF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EGF is neutral. |
| ChartMill Relative Strength | 67.3 | NEUTRAL | EGF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EGF is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EGF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.44 | NEUTRAL | The RSI value for EGF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EGF has a negative trend. |
| Stochastics (14,3) | 30.32 | NEUTRAL | The Stochastics value for EGF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for EGF suggests low volalility. |
| Average Directional Index/ADX (14) | 5.92 | NEGATIVE | The low ADX value for EGF suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:EGF (3/21/2025, 8:04:00 PM)
9.72
-0.04 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.41%
1 Week-0.1%
2 Weeks-0.26%
1 Month-0.72%
3 Month0.78%
6 Month-1.52%
12 Month2.64%
2 Year-0.31%
3 Year-12.27%
5 Year-24.3%
10 Year-29.97%
15 Year-40.88%
Volatility
ATR(14)0.17
ATR(20)%1.6%
ATR Inc-63.55%
Range Today0.05
ADR(20)0.11
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.3
Mansfield-0.03
10 Day High10.06
10 Day Low9.58
20 Day High10.06
20 Day Low9.52
52 Week High11.51
52 Week Low9.05
CS1 End9.71
CR1 Start9.73
Volume & EV
DER(3)5.3%
DER(5)-4.5%
Volume1.80K
Volume Incr-24.96%
Vol(5)2.30K
Vol(50)2.33K