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

Grade Last Price % Change Price Change
B 9.37 -0.21% -0.02
EGF closed down 0.21 percent on Friday, July 5, 2024, on 1.24 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
200 DMA Support Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
BB Squeeze Ended Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
MACD Bullish Signal Line Cross Bullish -0.21%
Bollinger Band Squeeze Range Contraction -0.21%
Narrow Range Bar Range Contraction -0.21%
Gapped Up Strength -0.21%

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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.
Classification

Keywords: Exchange Traded Fund ETF Bond Structured Finance Fixed Income Debt Securities U.S. Government Blackrock Asset Backed Security Commercial Paper Government Agency Debenture Government Fund Government Debt

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 9.8813
52 Week Low 8.7508
Average Volume 4,212
200-Day Moving Average 9.31
50-Day Moving Average 9.25
20-Day Moving Average 9.32
10-Day Moving Average 9.34
Average True Range 0.07
RSI (14) 55.56
ADX 11.18
+DI 20.38
-DI 31.75
Chandelier Exit (Long, 3 ATRs) 9.18
Chandelier Exit (Short, 3 ATRs) 9.38
Upper Bollinger Bands 9.41
Lower Bollinger Band 9.23
Percent B (%b) 0.78
BandWidth 1.94
MACD Line 0.03
MACD Signal Line 0.03
MACD Histogram 0.002
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.51
Resistance 3 (R3) 9.49 9.44 9.48
Resistance 2 (R2) 9.44 9.40 9.44 9.47
Resistance 1 (R1) 9.40 9.38 9.42 9.42 9.47
Pivot Point 9.35 9.35 9.36 9.35 9.35
Support 1 (S1) 9.31 9.31 9.33 9.33 9.27
Support 2 (S2) 9.26 9.29 9.26 9.27
Support 3 (S3) 9.22 9.26 9.26
Support 4 (S4) 9.24