Technical Analysis for FCAL - First Trust California Municipal High Income ETF

Grade Last Price % Change Price Change
A 49.93 0.26% 0.13
FCAL closed up 0.26 percent on Wednesday, November 20, 2024, on 79 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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 Flat Flat

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Doji - Bearish? Reversal 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
50 DMA Resistance Bearish 0.26%
Outside Day Range Expansion 0.26%
Overbought Stochastic Strength 0.26%

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Profile

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.
Classification

Keywords: Exchange Traded Fund Bond High Yield Debt Municipal Bond

Is FCAL 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 50.5854
52 Week Low 46.3899
Average Volume 17,506
200-Day Moving Average 49.18
50-Day Moving Average 49.86
20-Day Moving Average 49.65
10-Day Moving Average 49.75
Average True Range 0.21
RSI (14) 56.52
ADX 16.53
+DI 19.77
-DI 20.91
Chandelier Exit (Long, 3 ATRs) 49.38
Chandelier Exit (Short, 3 ATRs) 49.70
Upper Bollinger Bands 49.96
Lower Bollinger Band 49.35
Percent B (%b) 0.96
BandWidth 1.21
MACD Line 0.01
MACD Signal Line -0.03
MACD Histogram 0.0422
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 50.15
Resistance 3 (R3) 50.13 50.04 50.12
Resistance 2 (R2) 50.04 49.98 50.05 50.10
Resistance 1 (R1) 49.98 49.94 49.94 50.00 50.09
Pivot Point 49.89 49.89 49.86 49.90 49.89
Support 1 (S1) 49.83 49.83 49.79 49.86 49.77
Support 2 (S2) 49.74 49.79 49.75 49.76
Support 3 (S3) 49.68 49.74 49.74
Support 4 (S4) 49.71