Technical Analysis for FCAL - First Trust California Municipal High Income ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 49.29 | -0.06% | -0.03 |
FCAL closed down 0.06 percent on Monday, May 6, 2024, on 53 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Cup with Handle | Other | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| BB Squeeze Ended | Range Expansion | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| 50 DMA Resistance | Bearish | -0.06% | |
| 20 DMA Support | Bullish | -0.06% | |
| Pocket Pivot | Bullish Swing Setup | -0.06% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | about 4 hours ago |
| 50 DMA Resistance | about 4 hours ago |
| Possible Inside Day | about 5 hours ago |
| Gap Down Closed | about 7 hours ago |
| Gap Down Partially Closed | about 8 hours ago |
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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. The fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes. It will invest no more than 50% of its net assets in Municipal Securities that are, at the time of investment, not investment grade, commonly referred to as high yield or junk bonds.
Keywords: Exchange Traded Fund Bond High Yield Debt Municipal Bond
Classification
Keywords: Exchange Traded Fund Bond High Yield Debt Municipal Bond
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 51.3449 |
| 52 Week Low | 45.6321 |
| Average Volume | 28,473 |
| 200-Day Moving Average | 48.26 |
| 50-Day Moving Average | 49.36 |
| 20-Day Moving Average | 49.13 |
| 10-Day Moving Average | 49.13 |
| Average True Range | 0.16 |
| RSI (14) | 55.56 |
| ADX | 10.23 |
| +DI | 23.15 |
| -DI | 15.04 |
| Chandelier Exit (Long, 3 ATRs) | 48.96 |
| Chandelier Exit (Short, 3 ATRs) | 49.38 |
| Upper Bollinger Bands | 49.31 |
| Lower Bollinger Band | 48.95 |
| Percent B (%b) | 0.95 |
| BandWidth | 0.73 |
| MACD Line | -0.03 |
| MACD Signal Line | -0.07 |
| MACD Histogram | 0.0367 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 49.56 | ||||
| Resistance 3 (R3) | 49.56 | 49.47 | 49.52 | ||
| Resistance 2 (R2) | 49.47 | 49.40 | 49.47 | 49.50 | |
| Resistance 1 (R1) | 49.38 | 49.36 | 49.43 | 49.38 | 49.48 |
| Pivot Point | 49.29 | 49.29 | 49.31 | 49.29 | 49.29 |
| Support 1 (S1) | 49.20 | 49.22 | 49.25 | 49.20 | 49.10 |
| Support 2 (S2) | 49.11 | 49.18 | 49.11 | 49.08 | |
| Support 3 (S3) | 49.02 | 49.11 | 49.07 | ||
| Support 4 (S4) | 49.02 |
