After completing its last trading session, BlackRock Municipal Income Trust (NYSE:BFK) dropped by -0.1% – here is what that looked like (as of 2019-12-26):
What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.062, an Accumulation/Distribution Index (ADI) of 0.062, an On-Balance Volume (OBV) of 256.95, and a Chaiikin Money Flow (CMF) of -14.28. 9.0
Now let’s take all these indicators into account. According to Trading View, this is what it all means:
So there you have it – our analysis of BlackRock Municipal Income Trust (NYSE:BFK). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.