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BlackRock California Municipal Income Closed Fund
Buy, Hold or Sell?

Let's analyse Blackrock together

PenkeI guess you are interested in BlackRock California Municipal Income Closed Fund. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of BlackRock California Municipal Income Closed Fund. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Blackrock (30 sec.)










What can you expect buying and holding a share of Blackrock? (30 sec.)

How much money do you get?

How much money do you get?
$2.03
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$19.87
Expected worth in 1 year
$46.63
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
$28.79
Return On Investment
243.6%

For what price can you sell your share?

Current Price per Share
$11.82
Expected price per share
$11.48 - $12.15
How sure are you?
50%

1. Valuation of Blackrock (5 min.)




Live pricePrice per Share (EOD)

$11.82

Intrinsic Value Per Share

$15.44 - $43.81

Total Value Per Share

$35.31 - $63.68

2. Growth of Blackrock (5 min.)




Is Blackrock growing?

Current yearPrevious yearGrowGrow %
How rich?$601.4m$417.2m$184.2m30.6%

How much money is Blackrock making?

Current yearPrevious yearGrowGrow %
Making money$489.3k-$72.5m$73m14,919.3%
Net Profit Margin43.0%100.3%--

How much money comes from the company's main activities?

3. Financial Health of Blackrock (5 min.)




4. Comparing to competitors in the Asset Management industry (5 min.)




  Industry Rankings (Asset Management)  


Richest
#219 / 763

Most Revenue
#502 / 763

Most Profit
#434 / 763

Most Efficient
#436 / 763

What can you expect buying and holding a share of Blackrock? (5 min.)

Welcome investor! Blackrock's management wants to use your money to grow the business. In return you get a share of Blackrock.

What can you expect buying and holding a share of Blackrock?

First you should know what it really means to hold a share of Blackrock. And how you can make/lose money.

Speculation

The Price per Share of Blackrock is $11.82. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Blackrock.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Blackrock, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $19.87. Based on the TTM, the Book Value Change Per Share is $6.69 per quarter. Based on the YOY, the Book Value Change Per Share is $-3.30 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.51 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Blackrock.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.020.1%0.020.1%-2.29-19.4%0.171.5%0.534.4%
Usd Book Value Change Per Share6.6956.6%6.6956.6%-3.30-27.9%1.008.5%0.544.5%
Usd Dividend Per Share0.514.3%0.514.3%0.584.9%0.554.7%0.695.8%
Usd Total Gains Per Share7.2060.9%7.2060.9%-2.71-23.0%1.5613.2%1.2210.4%
Usd Price Per Share9.94-9.94-10.07-12.25-13.36-
Price to Earnings Ratio614.94-614.94--4.40-130.10-71.22-
Price-to-Total Gains Ratio1.38-1.38--3.71-7.98-7.55-
Price to Book Ratio0.50-0.50-0.76-0.77-0.85-
Price-to-Total Gains Ratio1.38-1.38--3.71-7.98-7.55-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share11.82
Number of shares84
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.510.55
Usd Book Value Change Per Share6.691.00
Usd Total Gains Per Share7.201.56
Gains per Quarter (84 shares)604.67130.94
Gains per Year (84 shares)2,418.69523.76
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
117022482409186337514
2341449748283736751038
35116745724755910121562
46818994966674613492086
5851112421208593216872610
610221349014504111920243134
711921573916923130523613658
813621798719342149226984182
915332023621761167830364706
1017032248424180186533735230

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%9.05.00.064.3%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%7.03.00.070.0%9.05.00.064.3%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%14.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%10.04.00.071.4%

Fundamentals of Blackrock

About BlackRock California Municipal Income Closed Fund

BlackRock California Municipal Income Trust 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 invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes. BlackRock California Municipal Income Trust was formed on July 31, 2001 and is domiciled in United States.

Fundamental data was last updated by Penke on 2024-03-22 16:55:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of BlackRock California Municipal Income Closed Fund.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Blackrock earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Blackrock to the Asset Management industry mean.
  • A Net Profit Margin of 43.0% means that $0.43 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 43.0%. The company is making a huge profit. +2
  • The TTM is 43.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ43.0%TTM43.0%0.0%
TTM43.0%YOY100.3%-57.4%
TTM43.0%5Y88.1%-45.1%
5Y88.1%10Y104.7%-16.6%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ43.0%62.0%-19.0%
TTM43.0%63.5%-20.5%
YOY100.3%71.0%+29.3%
5Y88.1%62.9%+25.2%
10Y104.7%58.3%+46.4%
1.1.2. Return on Assets

Shows how efficient Blackrock is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Blackrock to the Asset Management industry mean.
  • 0.1% Return on Assets means that Blackrock generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.1%TTM0.1%0.0%
TTM0.1%YOY-10.5%+10.6%
TTM0.1%5Y0.3%-0.2%
5Y0.3%10Y1.8%-1.5%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1%0.8%-0.7%
TTM0.1%0.9%-0.8%
YOY-10.5%1.0%-11.5%
5Y0.3%1.5%-1.2%
10Y1.8%2.1%-0.3%
1.1.3. Return on Equity

Shows how efficient Blackrock is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Blackrock to the Asset Management industry mean.
  • 0.1% Return on Equity means Blackrock generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 0.1%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.1%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.1%TTM0.1%0.0%
TTM0.1%YOY-17.4%+17.5%
TTM0.1%5Y0.5%-0.4%
5Y0.5%10Y3.0%-2.5%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1%1.7%-1.6%
TTM0.1%2.0%-1.9%
YOY-17.4%1.9%-19.3%
5Y0.5%2.6%-2.1%
10Y3.0%3.2%-0.2%

1.2. Operating Efficiency of BlackRock California Municipal Income Closed Fund.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Blackrock is operating .

  • Measures how much profit Blackrock makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Blackrock to the Asset Management industry mean.
  • An Operating Margin of 43.0% means the company generated $0.43  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 43.0%. The company is operating very efficient. +2
  • The TTM is 43.0%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ43.0%TTM43.0%0.0%
TTM43.0%YOY100.3%-57.4%
TTM43.0%5Y88.1%-45.1%
5Y88.1%10Y97.5%-9.4%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ43.0%80.7%-37.7%
TTM43.0%62.9%-19.9%
YOY100.3%70.4%+29.9%
5Y88.1%55.7%+32.4%
10Y97.5%50.4%+47.1%
1.2.2. Operating Ratio

Measures how efficient Blackrock is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Asset Management industry mean).
  • An Operation Ratio of 3.74 means that the operating costs are $3.74 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 3.740. The company is inefficient in keeping operating costs low. -1
  • The TTM is 3.740. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ3.740TTM3.7400.000
TTM3.740YOY-0.067+3.807
TTM3.7405Y0.829+2.911
5Y0.82910Y-0.008+0.837
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7400.419+3.321
TTM3.7400.437+3.303
YOY-0.0670.335-0.402
5Y0.8290.430+0.399
10Y-0.0080.483-0.491

1.3. Liquidity of BlackRock California Municipal Income Closed Fund.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Blackrock is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Asset Management industry mean).
  • A Current Ratio of 42.08 means the company has $42.08 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 42.083. The company is very able to pay all its short-term debts. +2
  • The TTM is 42.083. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ42.083TTM42.0830.000
TTM42.083YOY0.033+42.050
TTM42.0835Y10.968+31.115
5Y10.96810Y5.647+5.321
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ42.0833.205+38.878
TTM42.0833.185+38.898
YOY0.0333.840-3.807
5Y10.9685.526+5.442
10Y5.6476.549-0.902
1.3.2. Quick Ratio

Measures if Blackrock is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Blackrock to the Asset Management industry mean.
  • A Quick Ratio of 64.45 means the company can pay off $64.45 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 64.450. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 64.450. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ64.450TTM64.4500.000
TTM64.450YOY-1.526+65.976
TTM64.4505Y35.193+29.257
5Y35.19310Y18.254+16.938
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ64.4503.162+61.288
TTM64.4503.528+60.922
YOY-1.5264.139-5.665
5Y35.1936.715+28.478
10Y18.2546.060+12.194

1.4. Solvency of BlackRock California Municipal Income Closed Fund.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Blackrock assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Blackrock to Asset Management industry mean.
  • A Debt to Asset Ratio of 0.00 means that Blackrock assets are financed with 0.0% credit (debt) and the remaining percentage (100% - 0.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 0.000. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.000. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.000TTM0.0000.000
TTM0.000YOY0.396-0.396
TTM0.0005Y0.319-0.318
5Y0.31910Y0.362-0.043
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0000.183-0.183
TTM0.0000.180-0.180
YOY0.3960.185+0.211
5Y0.3190.190+0.129
10Y0.3620.188+0.174
1.4.2. Debt to Equity Ratio

Measures if Blackrock is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Blackrock to the Asset Management industry mean.
  • A Debt to Equity ratio of 0.1% means that company has $0.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of BlackRock California Municipal Income Closed Fund:

  • The MRQ is 0.001. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.001. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.001TTM0.0010.000
TTM0.001YOY0.656-0.655
TTM0.0015Y0.531-0.530
5Y0.53110Y0.607-0.077
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0010.211-0.210
TTM0.0010.220-0.219
YOY0.6560.227+0.429
5Y0.5310.250+0.281
10Y0.6070.260+0.347

2. Market Valuation of BlackRock California Municipal Income Closed Fund

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Blackrock generates.

  • Above 15 is considered overpriced but always compare Blackrock to the Asset Management industry mean.
  • A PE ratio of 614.94 means the investor is paying $614.94 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of BlackRock California Municipal Income Closed Fund:

  • The EOD is 731.249. Based on the earnings, the company is expensive. -2
  • The MRQ is 614.942. Based on the earnings, the company is expensive. -2
  • The TTM is 614.942. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD731.249MRQ614.942+116.307
MRQ614.942TTM614.9420.000
TTM614.942YOY-4.397+619.339
TTM614.9425Y130.100+484.842
5Y130.10010Y71.218+58.881
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD731.2495.593+725.656
MRQ614.9425.563+609.379
TTM614.9425.667+609.275
YOY-4.3973.801-8.198
5Y130.1005.354+124.746
10Y71.2187.598+63.620
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of BlackRock California Municipal Income Closed Fund:

  • The EOD is 4.059. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.413. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.413. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.059MRQ3.413+0.646
MRQ3.413TTM3.4130.000
TTM3.413YOY4.847-1.434
TTM3.4135Y12.790-9.377
5Y12.79010Y-49.326+62.116
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD4.0594.542-0.483
MRQ3.4134.227-0.814
TTM3.4133.309+0.104
YOY4.8472.153+2.694
5Y12.7902.207+10.583
10Y-49.3262.449-51.775
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Blackrock is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Asset Management industry mean).
  • A PB ratio of 0.50 means the investor is paying $0.50 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of BlackRock California Municipal Income Closed Fund:

  • The EOD is 0.595. Based on the equity, the company is cheap. +2
  • The MRQ is 0.500. Based on the equity, the company is cheap. +2
  • The TTM is 0.500. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.595MRQ0.500+0.095
MRQ0.500TTM0.5000.000
TTM0.500YOY0.764-0.264
TTM0.5005Y0.769-0.269
5Y0.76910Y0.847-0.078
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD0.5950.925-0.330
MRQ0.5000.911-0.411
TTM0.5000.910-0.410
YOY0.7640.983-0.219
5Y0.7691.008-0.239
10Y0.8471.157-0.310
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of BlackRock California Municipal Income Closed Fund.

3.1. Insider Transactions

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-03-12Saba Capital Management, L.p.BUY3570311.95
2023-12-06Saba Capital Management, L.p.BUY10914111.39
2023-11-30Saba Capital Management, L.p.BUY1580311.24
2023-11-28Saba Capital Management, L.p.BUY890711.02
2023-11-22Saba Capital Management, L.p.BUY200010.93
2023-11-10Saba Capital Management, L.p.BUY688810.56
2023-11-08Saba Capital Management, L.p.BUY1182110.56
2023-11-06Saba Capital Management, L.p.BUY2956310.36
2023-11-03Saba Capital Management, L.p.BUY1400810.39
2023-10-31Saba Capital Management, L.p.BUY398659.92
2023-10-16Saba Capital Management, L.p.BUY3867710.37
2023-10-12Saba Capital Management, L.p.BUY1770310.43
2023-10-09Saba Capital Management, L.p.BUY1676310.2
2023-10-06Saba Capital Management, L.p.BUY51010.08
2023-10-04Saba Capital Management, L.p.BUY50010.16
2023-10-02Saba Capital Management, L.p.BUY2205310.21
2023-09-26Saba Capital Management, L.p.BUY9000410.41
2023-09-14Saba Capital Management, L.p.BUY1043410.92
2023-09-12Saba Capital Management, L.p.BUY3007310.95
2023-06-07Saba Capital Management, L.p.BUY709711.62

4. Summary

4.1. Key Performance Indicators

The key performance indicators of BlackRock California Municipal Income Closed Fund compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--6.6926.6920%-3.297+149%1.004+567%0.536+1147%
Book Value Per Share--19.86819.8680%13.176+51%16.198+23%15.915+25%
Current Ratio--42.08342.0830%0.033+127179%10.968+284%5.647+645%
Debt To Asset Ratio--0.0000.0000%0.396-100%0.319-100%0.362-100%
Debt To Equity Ratio--0.0010.0010%0.656-100%0.531-100%0.607-100%
Dividend Per Share--0.5070.5070%0.583-13%0.555-9%0.688-26%
Eps--0.0160.0160%-2.290+14267%0.173-91%0.526-97%
Free Cash Flow Per Share--2.9122.9120%2.077+40%1.473+98%1.150+153%
Free Cash Flow To Equity Per Share---0.039-0.0390%0.032-224%0.000-58602%-0.001-99%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--43.812--------
Intrinsic Value_10Y_min--15.438--------
Intrinsic Value_1Y_max--2.409--------
Intrinsic Value_1Y_min--1.263--------
Intrinsic Value_3Y_max--8.749--------
Intrinsic Value_3Y_min--4.063--------
Intrinsic Value_5Y_max--16.909--------
Intrinsic Value_5Y_min--7.135--------
Market Cap357841044.000+16%300925548.000300925548.0000%318895128.660-6%381651010.724-21%421754822.483-29%
Net Profit Margin--0.4300.4300%1.003-57%0.881-51%1.047-59%
Operating Margin--0.4300.4300%1.003-57%0.881-51%0.975-56%
Operating Ratio--3.7403.7400%-0.067+102%0.829+351%-0.008+100%
Pb Ratio0.595+16%0.5000.5000%0.764-35%0.769-35%0.847-41%
Pe Ratio731.249+16%614.942614.9420%-4.397+101%130.100+373%71.218+763%
Price Per Share11.820+16%9.9409.9400%10.070-1%12.248-19%13.365-26%
Price To Free Cash Flow Ratio4.059+16%3.4133.4130%4.847-30%12.790-73%-49.326+1545%
Price To Total Gains Ratio1.642+16%1.3811.3810%-3.710+369%7.979-83%7.553-82%
Quick Ratio--64.45064.4500%-1.526+102%35.193+83%18.254+253%
Return On Assets--0.0010.0010%-0.105+13008%0.003-71%0.018-96%
Return On Equity--0.0010.0010%-0.174+14105%0.005-75%0.030-96%
Total Gains Per Share--7.1987.1980%-2.714+138%1.559+362%1.224+488%
Usd Book Value--601473857.000601473857.0000%417250376.000+44%503263778.000+20%500888768.400+20%
Usd Book Value Change Per Share--6.6926.6920%-3.297+149%1.004+567%0.536+1147%
Usd Book Value Per Share--19.86819.8680%13.176+51%16.198+23%15.915+25%
Usd Dividend Per Share--0.5070.5070%0.583-13%0.555-9%0.688-26%
Usd Eps--0.0160.0160%-2.290+14267%0.173-91%0.526-97%
Usd Free Cash Flow--88168869.00088168869.0000%65787764.000+34%45615152.000+93%35988144.300+145%
Usd Free Cash Flow Per Share--2.9122.9120%2.077+40%1.473+98%1.150+153%
Usd Free Cash Flow To Equity Per Share---0.039-0.0390%0.032-224%0.000-58602%-0.001-99%
Usd Market Cap357841044.000+16%300925548.000300925548.0000%318895128.660-6%381651010.724-21%421754822.483-29%
Usd Price Per Share11.820+16%9.9409.9400%10.070-1%12.248-19%13.365-26%
Usd Profit--489356.000489356.0000%-72519349.000+14919%5238191.000-91%16619131.200-97%
Usd Revenue--1138595.0001138595.0000%-72270731.000+6447%5612576.600-80%13025168.200-91%
Usd Total Gains Per Share--7.1987.1980%-2.714+138%1.559+362%1.224+488%
 EOD+4 -4MRQTTM+0 -0YOY+24 -115Y+17 -1810Y+16 -19

4.2. Fundamental Score

Let's check the fundamental score of BlackRock California Municipal Income Closed Fund based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15731.249
Price to Book Ratio (EOD)Between0-10.595
Net Profit Margin (MRQ)Greater than00.430
Operating Margin (MRQ)Greater than00.430
Quick Ratio (MRQ)Greater than164.450
Current Ratio (MRQ)Greater than142.083
Debt to Asset Ratio (MRQ)Less than10.000
Debt to Equity Ratio (MRQ)Less than10.001
Return on Equity (MRQ)Greater than0.150.001
Return on Assets (MRQ)Greater than0.050.001
Total7/10 (70.0%)

4.3. Technical Score

Let's check the technical score of BlackRock California Municipal Income Closed Fund based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.375
Ma 20Greater thanMa 5011.853
Ma 50Greater thanMa 10011.776
Ma 100Greater thanMa 20011.480
OpenGreater thanClose11.750
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-10-312020-10-312021-10-312022-10-312023-10-31
Income Tax Expense  -45,0485,947-39,1018,166-30,935-61,089-92,024104,44812,424



Latest Balance Sheet

Balance Sheet of 2023-10-31. Currency in USD. All numbers in thousands.

Summary
Total Assets601,744
Total Liabilities271
Total Stockholder Equity394,327
 As reported
Total Liabilities 271
Total Stockholder Equity+ 394,327
Total Assets = 601,744

Assets

Total Assets601,744
Total Current Assets11,385
Long-term Assets589,963
Total Current Assets
Cash And Cash Equivalents -3,026
Short-term Investments 3,026
Net Receivables 11,385
Total Current Assets  (as reported)11,385
Total Current Assets  (calculated)11,385
+/-0
Long-term Assets
Long Term Investments 589,963
Other Assets 396
Long-term Assets  (as reported)589,963
Long-term Assets  (calculated)590,359
+/- 396

Liabilities & Shareholders' Equity

Total Current Liabilities271
Long-term Liabilities207,414
Total Stockholder Equity394,327
Total Current Liabilities
Short-term Debt 4
Accounts payable 271
Other Current Liabilities -271
Total Current Liabilities  (as reported)271
Total Current Liabilities  (calculated)4
+/- 267
Long-term Liabilities
Long-term Liabilities  (as reported)207,414
Long-term Liabilities  (calculated)0
+/- 207,414
Total Stockholder Equity
Common Stock427,859
Retained Earnings -33,532
Total Stockholder Equity (as reported)394,327
Total Stockholder Equity (calculated)394,327
+/-0
Other
Capital Stock427,859
Cash and Short Term Investments 3,026
Common Stock Shares Outstanding 30,274
Current Deferred Revenue267
Liabilities and Stockholders Equity 601,744
Net Debt 209,469
Net Tangible Assets 394,327
Net Working Capital 11,115
Short Long Term Debt Total 206,444



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-10-312022-10-312021-10-312020-10-312019-10-312018-10-312017-10-312016-10-312015-10-312014-10-312013-10-312010-10-312009-10-312008-10-312007-10-31
> Total Assets 
359,687
345,158
322,267
0
795,368
805,442
840,547
886,234
840,038
823,350
848,513
817,145
827,800
690,835
601,744
601,744690,835827,800817,145848,513823,350840,038886,234840,547805,442795,3680322,267345,158359,687
   > Total Current Assets 
0
0
0
0
11,754
26,190
12,143
13,370
11,235
23,196
16,904
8,624
8,565
9,041
11,385
11,3859,0418,5658,62416,90423,19611,23513,37012,14326,19011,7540000
       Cash And Cash Equivalents 
17
0
67
0
0
0
0
115
0
0
0
0
566
-2,559
-3,026
-3,026-2,5595660000115000067017
       Short-term Investments 
0
0
0
0
0
0
0
0
28,142
-332,794
0
614
136,848
-212,354
3,026
3,026-212,354136,8486140-332,79428,14200000000
       Net Receivables 
5,349
5,062
4,841
0
11,742
25,708
11,976
12,945
11,235
22,865
16,904
8,624
8,565
7,469
11,385
11,3857,4698,5658,62416,90422,86511,23512,94511,97625,70811,74204,8415,0625,349
       Other Current Assets 
0
0
0
0
11
483
167
309
514
330
-16,904
-9,238
-9,131
1,572
-14,411
-14,4111,572-9,131-9,238-16,904330514309167483110000
   > Long-term Assets 
0
0
0
0
463,490
551,705
493,319
463,081
828,297
467,361
830,942
808,503
818,642
469,440
589,963
589,963469,440818,642808,503830,942467,361828,297463,081493,319551,705463,4900000
       Long Term Investments 
354,321
340,029
317,239
0
0
551,705
493,319
463,081
828,297
800,154
830,942
808,503
818,642
681,794
589,963
589,963681,794818,642808,503830,942800,154828,297463,081493,319551,70500317,239340,029354,321
       Other Assets 
0
68
119
0
320,125
227,547
335,085
409,783
507
332,794
666
18
592
212,354
396
396212,35459218666332,794507409,783335,085227,547320,1250119680
> Total Liabilities 
1,754
32,543
58,711
0
333,095
300,911
335,580
364,899
350,711
350,943
361,927
316,792
317,144
273,585
271
271273,585317,144316,792361,927350,943350,711364,899335,580300,911333,095058,71132,5431,754
   > Total Current Liabilities 
0
0
0
0
161,795
300,911
335,580
191,554
8,212
350,943
33,194
1,434
1,382
273,444
271
271273,4441,3821,43433,194350,9438,212191,554335,580300,911161,7950000
       Short-term Debt 
0
0
0
0
0
277,998
0
0
0
0
253
63
378
0
4
40378632530000277,99800000
       Short Long Term Debt 
0
0
0
0
0
277,998
171,300
0
0
171,300
171,300
0
0
0
0
0000171,300171,30000171,300277,99800000
       Accounts payable 
1,701
1,421
2,332
0
0
20,025
5,753
6,794
8,212
21,580
33,194
1,434
1,382
1,544
271
2711,5441,3821,43433,19421,5808,2126,7945,75320,025002,3321,4211,701
       Other Current Liabilities 
0
77
0
0
161,795
280,886
329,827
184,760
-8,212
329,363
-33,194
-1,434
-1,382
271,900
-271
-271271,900-1,382-1,434-33,194329,363-8,212184,760329,827280,886161,79500770
   > Long-term Liabilities 
0
0
0
0
171,300
0
0
173,345
257
266
253
63
378
273,585
207,414
207,414273,58537863253266257173,34500171,3000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
141
0
01410000000000000
> Total Stockholder Equity
357,933
312,615
263,555
0
462,273
504,531
504,967
521,335
489,328
472,407
486,586
500,353
510,656
417,250
394,327
394,327417,250510,656500,353486,586472,407489,328521,335504,967504,531462,2730263,555312,615357,933
   Common Stock
15
15
0
0
447,225
446,571
446,519
446,817
446,986
446,986
446,986
442,492
439,679
437,249
427,859
427,859437,249439,679442,492446,986446,986446,986446,817446,519446,571447,225001515
   Retained Earnings 
11,605
-3,345
-22,578
0
15,049
57,960
58,448
74,518
440
-308
39,600
57,861
70,976
-19,998
-33,532
-33,532-19,99870,97657,86139,600-30844074,51858,44857,96015,0490-22,578-3,34511,605
   Capital Surplus 000000000000000
   Treasury Stock000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
41,902
25,729
-39,600
-57,861
-70,976
0
0
00-70,976-57,861-39,60025,72941,90200000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-10-31)

Gross Profit (+$)
totalRevenue1,139
Cost of Revenue-3,609
Gross Profit1,139-2,470
 
Operating Income (+$)
Gross Profit1,139
Operating Expense-649
Operating Income489489
 
Operating Expense (+$)
Research Development0
Selling General Administrative623
Selling And Marketing Expenses0
Operating Expense649623
 
Net Interest Income (+$)
Interest Income23,832
Interest Expense-7,433
Other Finance Cost-0
Net Interest Income16,398
 
Pretax Income (+$)
Operating Income489
Net Interest Income16,398
Other Non-Operating Income Expenses0
Income Before Tax (EBT)4897,923
EBIT - interestExpense = -6,944
12,914
7,923
Interest Expense7,433
Earnings Before Interest and Taxes (EBIT)4897,923
Earnings Before Interest and Taxes (EBITDA)489
 
After tax Income (+$)
Income Before Tax489
Tax Provision-0
Net Income From Continuing Ops489489
Net Income489
Net Income Applicable To Common Shares489
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses649
Total Other Income/Expenses Net-7,433-16,398
 

Technical Analysis of Blackrock
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Blackrock. The general trend of Blackrock is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Blackrock's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of BlackRock California Municipal Income Closed Fund.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 11.91 < 11.93 < 12.15.

The bearish price targets are: 11.59 > 11.50 > 11.48.

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BlackRock California Municipal Income Closed Fund Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of BlackRock California Municipal Income Closed Fund. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

BlackRock California Municipal Income Closed Fund Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of BlackRock California Municipal Income Closed Fund. The current macd is 0.00833166.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Blackrock price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Blackrock. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Blackrock price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
BlackRock California Municipal Income Closed Fund Daily Moving Average Convergence/Divergence (MACD) ChartBlackRock California Municipal Income Closed Fund Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of BlackRock California Municipal Income Closed Fund. The current adx is 17.72.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Blackrock shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
BlackRock California Municipal Income Closed Fund Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of BlackRock California Municipal Income Closed Fund. The current sar is 11.97.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
BlackRock California Municipal Income Closed Fund Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of BlackRock California Municipal Income Closed Fund. The current rsi is 50.38. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
BlackRock California Municipal Income Closed Fund Daily Relative Strength Index (RSI) ChartBlackRock California Municipal Income Closed Fund Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of BlackRock California Municipal Income Closed Fund. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Blackrock price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
BlackRock California Municipal Income Closed Fund Daily Stochastic Oscillator ChartBlackRock California Municipal Income Closed Fund Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of BlackRock California Municipal Income Closed Fund. The current cci is -42.19352487.

BlackRock California Municipal Income Closed Fund Daily Commodity Channel Index (CCI) ChartBlackRock California Municipal Income Closed Fund Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of BlackRock California Municipal Income Closed Fund. The current cmo is -2.51265421.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
BlackRock California Municipal Income Closed Fund Daily Chande Momentum Oscillator (CMO) ChartBlackRock California Municipal Income Closed Fund Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of BlackRock California Municipal Income Closed Fund. The current willr is -54.54545455.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Blackrock is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
BlackRock California Municipal Income Closed Fund Daily Williams %R ChartBlackRock California Municipal Income Closed Fund Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of BlackRock California Municipal Income Closed Fund.

BlackRock California Municipal Income Closed Fund Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of BlackRock California Municipal Income Closed Fund. The current atr is 0.08296414.

BlackRock California Municipal Income Closed Fund Daily Average True Range (ATR) ChartBlackRock California Municipal Income Closed Fund Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of BlackRock California Municipal Income Closed Fund. The current obv is 2,336,549.

BlackRock California Municipal Income Closed Fund Daily On-Balance Volume (OBV) ChartBlackRock California Municipal Income Closed Fund Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of BlackRock California Municipal Income Closed Fund. The current mfi is 50.58.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
BlackRock California Municipal Income Closed Fund Daily Money Flow Index (MFI) ChartBlackRock California Municipal Income Closed Fund Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for BlackRock California Municipal Income Closed Fund.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-21ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-27BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-31CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-01BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

BlackRock California Municipal Income Closed Fund Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of BlackRock California Municipal Income Closed Fund based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.375
Ma 20Greater thanMa 5011.853
Ma 50Greater thanMa 10011.776
Ma 100Greater thanMa 20011.480
OpenGreater thanClose11.750
Total4/5 (80.0%)
Penke

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