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BFZ
ETF ticker: NYSE
AS OF
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Net Assets
373.89M

BFZ BLACKROCK CA Municipal Forecast, Technical & Fundamental Analysis

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BFZ with price predictions
08:00 PM EDT Sep 21, 2023

BFZ's Indicator enters downward trend

The Aroon Indicator for BFZ entered a downward trend on September 06, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 191 similar instances where the Aroon Indicator formed such a pattern. In of the 191 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BFZ as a result. In of 68 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BFZ turned negative on September 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BFZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BFZ advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

BFZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Blackrock CA Muni Income Tr is the United States-based closed-end management investment company. Its investment objective is to provide current income exempt from regular U.S. federal income tax. The trust seeks to achieve its investment objectives by investing a majority of its total assets in the municipal bonds.
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Muni California Long
Address
100 Bellevue ParkwayMutual Fund DepartmentWilmington
Phone
N/A
Web
www.blackrock.com
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BFZ and

Correlation & Price change

A.I.dvisor indicates that over the last year, BFZ has been loosely correlated with MUC. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if BFZ jumps, then MUC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BFZ
1D Price
Change %
BFZ100%
-0.93%
MUC - BFZ
56%
Loosely correlated
+0.50%
NAC - BFZ
52%
Loosely correlated
+0.10%
CMF - BFZ
47%
Loosely correlated
+0.23%
PWZ - BFZ
41%
Loosely correlated
-0.04%
NKX - BFZ
41%
Loosely correlated
+0.19%