Market Watch: UO Reading Below 40 for Blackrock Muni Income Trust (BBF)

Rodiano Bonacci
Novembre 15, 2017

Traders might be scanning the indicators on shares of Blackrock California Muni Trust (BFZ). One of the more popular combinations is to use the 50-day and 200-day moving averages. The opposite is the case when the RSI line is heading lower. As you can see by the chart below, the Tenkan Line is quite different than a 9SMA. Searching for value in the current investing landscape may be a priority for some investors. Investors looking for growth stocks may be willing to shell out a little more for a stock that has the possibility of increasing EPS at a quicker pace.

After a recent look, Invesco Muni Income Trust (OIA) has a 50-day Moving Average of 7.91, the 200-day Moving Average is 7.80, and the 7-day is noted at 7.89. They may also be used to help the trader figure out proper support and resistance levels for the stock. The ATR is not used to measure price direction, just to measure volatility. The RSI was developed by J. Welles Wilder. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The general interpretation of the ATR is the higher the ATR value, the higher the volatility. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend. The value of the company's investment in Blackrock Muni Income Trust increased from $327,000 to $412,000 increasing 26.0% since the last quarter. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold.

The Williams %R is created to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. In general, if the reading goes above -20, the stock may be considered to be overbought. With the PPOH above zero, traders may be alerted that the stock is in buy territory.

Traders may be leaning on technical stock analysis to help with investing decisions.

One technical indicator that may help gauge the strength of market momentum is the Average Directional Index or ADX. The ADX alone measures trend strength but not direction. The value of the total investment in Blackrock Muni Income Quality Trust increased from $13,000 to $97,000 a change of $84,000 quarter over quarter. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. The 14-day ADX for Invesco California Value Muni Income Trust (VCV) is standing at 25.51. Despite the name, CCI can be used on other investment tools such as stocks. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. On the other hand, a reading of -100 would indicate that the stock is oversold.

Traders are paying renewed attention to shares of Blackrock New Jersey Muni Trust (BLJ).

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI value will always move between 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. Many traders keep an eye on the 30 and 70 marks on the RSI scale. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. Traders may use these levels to help identify stock price reversals.

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