Technical Analysis for EGF - Blackrock Enhanced Government Fund, Inc.

Grade Last Price % Change Price Change
grade D 13.035 0.12% 0.02
EGF closed up 0.12 percent on Monday, July 6, 2020, on approximately normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Flat
Historical EGF trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Crossed Above 200 DMA Bullish 0.00%
Outside Day Range Expansion 0.00%
Fell Below 200 DMA Bearish 0.12%
New Downtrend Bearish 0.12%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.12%
Narrow Range Bar Range Contraction 0.12%

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Profile

BlackRock Enhanced Government Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in a portfolio of United States Government and Government Agency securities, including the U.S. Government mortgage-backed securities. The fund invests in non U.S. Government debt securities of foreign or domestic issuers, including commercial paper, notes, corporate bonds, debentures, asset-backed securities, mortgage-backed securities, corporate loans, sovereign debt securities, and money market securities. It was formerly known as Enhanced Government Fund, Inc. BlackRock Enhanced Government Fund, Inc. was formed in 2006 and is domiciled in United States.
Exchange Traded Fund ETF Bond Security Structured Finance Fixed Income Blackrock U.S. Government Asset Backed Security

Is EGF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 13.84
52 Week Low 9.62
Average Volume 8,675
200-Day Moving Average 13.03
50-Day Moving Average 13.15
20-Day Moving Average 13.14
10-Day Moving Average 13.07
Average True Range 0.17
ADX 25.1
+DI 17.12
-DI 27.75
Chandelier Exit (Long, 3 ATRs ) 12.95
Chandelier Exit (Short, 3 ATRs ) 13.28
Upper Bollinger Band 13.41
Lower Bollinger Band 12.87
Percent B (%b) 0.31
BandWidth 4.13
MACD Line -0.03
MACD Signal Line -0.01
MACD Histogram -0.0219
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.26
Resistance 3 (R3) 13.27 13.21 13.22
Resistance 2 (R2) 13.21 13.15 13.20 13.21
Resistance 1 (R1) 13.12 13.12 13.17 13.11 13.20
Pivot Point 13.06 13.06 13.08 13.06 13.06
Support 1 (S1) 12.97 13.01 13.02 12.96 12.87
Support 2 (S2) 12.91 12.97 12.91 12.86
Support 3 (S3) 12.83 12.91 12.85
Support 4 (S4) 12.81