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

Grade Last Price % Change Price Change
D 9.68 -2.42% -0.24
EGF closed down 2.42 percent on Tuesday, November 12, 2024, on 12 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Down Weakness 0.00%
Crossed Above 20 DMA Bullish -2.42%
Crossed Above 50 DMA Bullish -2.42%
MACD Bullish Signal Line Cross Bullish -2.42%
Expansion Pivot Buy Setup Bullish Swing Setup -2.42%
Multiple of Ten Bearish Other -2.42%

   Recent Intraday Alerts

Alert Time
Fell Below 50 DMA about 3 hours ago
Fell Below Previous Day's Low about 3 hours ago
Down 2 % about 3 hours ago
Down 1% about 3 hours ago
Fell Below 20 DMA about 3 hours ago

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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 U.S. Government Debt Securities Blackrock Asset Backed Security Government Agency Commercial Paper 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 11.4159
52 Week Low 8.8297
Average Volume 3,407
200-Day Moving Average 9.41
50-Day Moving Average 9.91
20-Day Moving Average 9.78
10-Day Moving Average 9.70
Average True Range 0.17
RSI (14) 44.44
ADX 15.93
+DI 32.82
-DI 20.00
Chandelier Exit (Long, 3 ATRs) 9.55
Chandelier Exit (Short, 3 ATRs) 10.10
Upper Bollinger Bands 10.05
Lower Bollinger Band 9.52
Percent B (%b) 0.3
BandWidth 5.37
MACD Line -0.05
MACD Signal Line -0.06
MACD Histogram 0.0069
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.68
Resistance 3 (R3) 9.68 9.68 9.68
Resistance 2 (R2) 9.68 9.68 9.68 9.68
Resistance 1 (R1) 9.68 9.68 9.68 9.68 9.68
Pivot Point 9.68 9.68 9.68 9.68 9.68
Support 1 (S1) 9.68 9.68 9.68 9.68 9.68
Support 2 (S2) 9.68 9.68 9.68 9.68
Support 3 (S3) 9.68 9.68 9.68
Support 4 (S4) 9.68