FCAL First Trust California Muni Hi Inc ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide current income that is exempt from regular federal income taxes and California income taxes, and its secondary objective is long-term capital appreciation... Show more
FCAL in -0.25% downward trend, falling for three consecutive days on June 03, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FCAL declined for three days, in of 271 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 21, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on FCAL as a result. In of 65 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 41 cases where FCAL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FCAL just turned positive on June 04, 2025. Looking at past instances where FCAL's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FCAL advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .
FCAL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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General Information
Category MuniCaliforniaLong
FCAL and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FCAL has been closely correlated with CMF. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if FCAL jumps, then CMF could also see price increases.
| Ticker / NAME | Correlation To FCAL | 1D Price Change % | ||
|---|---|---|---|---|
| FCAL | 100% | +0.29% | ||
| CMF - FCAL | 71% Closely correlated | +0.11% | ||
| PWZ - FCAL | 62% Loosely correlated | +0.39% | ||
| NAC - FCAL | 11% Poorly correlated | +0.18% | ||
| MUC - FCAL | 9% Poorly correlated | +0.10% | ||
| NKX - FCAL | 5% Poorly correlated | -0.43% |