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BlackRock Long-Term Municipal Advantage Trust
Buy, Hold or Sell?

Let's analyse Blackrock together

PenkeI guess you are interested in BlackRock Long-Term Municipal Advantage Trust. 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 Long-Term Municipal Advantage Trust. 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?
$2.43
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$10.36
Expected worth in 1 year
$7.59
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
$-0.34
Return On Investment
-3.4%

For what price can you sell your share?

Current Price per Share
$9.99
Expected price per share
$9.9447 - $10.14
How sure are you?
50%

1. Valuation of Blackrock (5 min.)




Live pricePrice per Share (EOD)

$9.99

Intrinsic Value Per Share

$6.41 - $34.11

Total Value Per Share

$16.78 - $44.48

2. Growth of Blackrock (5 min.)




Is Blackrock growing?

Current yearPrevious yearGrowGrow %
How rich?$139.2m$149.1m-$9.8m-7.1%

How much money is Blackrock making?

Current yearPrevious yearGrowGrow %
Making money-$3.3m$12.5m-$15.9m-472.7%
Net Profit Margin107.4%0.0%--

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
#461 / 763

Most Revenue
#649 / 763

Most Profit
#592 / 763

Most Efficient
#118 / 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 $9.99. 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 $10.36. Based on the TTM, the Book Value Change Per Share is $-0.69 per quarter. Based on the YOY, the Book Value Change Per Share is $0.00 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 $0.61 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 Eps-0.25-2.5%-0.25-2.5%0.939.3%0.242.4%0.505.0%
Usd Book Value Change Per Share-0.69-6.9%-0.69-6.9%0.000.0%-0.39-3.9%-0.16-1.6%
Usd Dividend Per Share0.616.1%0.616.1%0.656.5%0.626.2%0.646.5%
Usd Total Gains Per Share-0.08-0.8%-0.08-0.8%0.656.5%0.232.3%0.484.8%
Usd Price Per Share8.82-8.82-8.80-11.08-11.23-
Price to Earnings Ratio-35.18--35.18-9.45--9.84-30.85-
Price-to-Total Gains Ratio-104.41--104.41-13.60--22.75-17.80-
Price to Book Ratio0.85-0.85-0.80-0.98-0.95-
Price-to-Total Gains Ratio-104.41--104.41-13.60--22.75-17.80-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share9.99
Number of shares100
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.610.62
Usd Book Value Change Per Share-0.69-0.39
Usd Total Gains Per Share-0.080.23
Gains per Quarter (100 shares)-8.4523.09
Gains per Year (100 shares)-33.7992.36
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1243-277-44247-15582
2487-555-78494-309174
3730-832-112741-464266
4974-1109-146988-618358
51217-1386-1801235-773450
61461-1664-2141481-927542
71704-1941-2481728-1082634
81948-2218-2821975-1236726
92191-2495-3162222-1391818
102435-2773-3502469-1545910

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 Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%7.03.00.070.0%12.07.00.063.2%
Book Value Change Per Share0.01.00.00.0%0.02.01.00.0%1.03.01.020.0%4.05.01.040.0%8.010.01.042.1%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.00.0100.0%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%7.03.00.070.0%12.07.00.063.2%

Fundamentals of Blackrock

About BlackRock Long-Term Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage 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 of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment. BlackRock Long-Term Municipal Advantage Trust was formed on February 28, 2006 and is domiciled in United States.

Fundamental data was last updated by Penke on 2024-03-22 17:47:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very 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 unable to pay all its short-term debts.
The company is just not 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 Long-Term Municipal Advantage Trust.

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 107.4% means that $1.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is 107.4%. The company is making a huge profit. +2
  • The TTM is 107.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ107.4%TTM107.4%0.0%
TTM107.4%YOY-+107.4%
TTM107.4%5Y82.1%+25.3%
5Y82.1%10Y87.2%-5.1%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ107.4%62.0%+45.4%
TTM107.4%63.5%+43.9%
YOY-71.0%-71.0%
5Y82.1%62.9%+19.2%
10Y87.2%58.3%+28.9%
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.
  • -1.5% Return on Assets means that Blackrock generated $-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is -1.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -1.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.5%TTM-1.5%0.0%
TTM-1.5%YOY4.8%-6.3%
TTM-1.5%5Y0.9%-2.3%
5Y0.9%10Y2.3%-1.5%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.5%0.8%-2.3%
TTM-1.5%0.9%-2.4%
YOY4.8%1.0%+3.8%
5Y0.9%1.5%-0.6%
10Y2.3%2.1%+0.2%
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.
  • -2.4% Return on Equity means Blackrock generated $-0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is -2.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -2.4%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.4%TTM-2.4%0.0%
TTM-2.4%YOY8.4%-10.8%
TTM-2.4%5Y1.3%-3.7%
5Y1.3%10Y3.7%-2.4%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.4%1.7%-4.1%
TTM-2.4%2.0%-4.4%
YOY8.4%1.9%+6.5%
5Y1.3%2.6%-1.3%
10Y3.7%3.2%+0.5%

1.2. Operating Efficiency of BlackRock Long-Term Municipal Advantage Trust.

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 210.0% means the company generated $2.10  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is 210.0%. The company is operating very efficient. +2
  • The TTM is 210.0%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ210.0%TTM210.0%0.0%
TTM210.0%YOY-+210.0%
TTM210.0%5Y76.8%+133.2%
5Y76.8%10Y80.9%-4.1%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ210.0%80.3%+129.7%
TTM210.0%62.8%+147.2%
YOY-70.7%-70.7%
5Y76.8%55.7%+21.1%
10Y80.9%50.4%+30.5%
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 4.44 means that the operating costs are $4.44 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is 4.443. The company is inefficient in keeping operating costs low. -1
  • The TTM is 4.443. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ4.443TTM4.4430.000
TTM4.443YOY-+4.443
TTM4.4435Y1.809+2.634
5Y1.80910Y1.009+0.801
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ4.4430.420+4.023
TTM4.4430.445+3.998
YOY-0.335-0.335
5Y1.8090.430+1.379
10Y1.0090.483+0.526

1.3. Liquidity of BlackRock Long-Term Municipal Advantage Trust.

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 0.03 means the company has $0.03 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is 0.027. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.027. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.027TTM0.0270.000
TTM0.027YOY0.050-0.023
TTM0.0275Y0.043-0.015
5Y0.04310Y14.751-14.708
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0273.222-3.195
TTM0.0273.191-3.164
YOY0.0503.840-3.790
5Y0.0435.526-5.483
10Y14.7516.549+8.202
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 0.03 means the company can pay off $0.03 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is 0.027. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.027. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.027TTM0.0270.000
TTM0.027YOY0.044-0.018
TTM0.0275Y-0.278+0.305
5Y-0.27810Y14.445-14.723
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0273.184-3.157
TTM0.0273.532-3.505
YOY0.0444.139-4.095
5Y-0.2786.715-6.993
10Y14.4456.060+8.385

1.4. Solvency of BlackRock Long-Term Municipal Advantage Trust.

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 0.38 means that Blackrock assets are financed with 38.4% credit (debt) and the remaining percentage (100% - 38.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is 0.384. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.384. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.384TTM0.3840.000
TTM0.384YOY0.425-0.041
TTM0.3845Y0.412-0.028
5Y0.41210Y0.402+0.010
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3840.183+0.201
TTM0.3840.180+0.204
YOY0.4250.185+0.240
5Y0.4120.190+0.222
10Y0.4020.188+0.214
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 62.3% means that company has $0.62 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of BlackRock Long-Term Municipal Advantage Trust:

  • The MRQ is 0.623. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.623. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.623TTM0.6230.000
TTM0.623YOY0.738-0.115
TTM0.6235Y0.702-0.079
5Y0.70210Y0.674+0.028
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6230.210+0.413
TTM0.6230.220+0.403
YOY0.7380.227+0.511
5Y0.7020.250+0.452
10Y0.6740.260+0.414

2. Market Valuation of BlackRock Long-Term Municipal Advantage Trust

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 -35.18 means the investor is paying $-35.18 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of BlackRock Long-Term Municipal Advantage Trust:

  • The EOD is -39.851. Based on the earnings, the company is expensive. -2
  • The MRQ is -35.184. Based on the earnings, the company is expensive. -2
  • The TTM is -35.184. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-39.851MRQ-35.184-4.667
MRQ-35.184TTM-35.1840.000
TTM-35.184YOY9.454-44.638
TTM-35.1845Y-9.842-25.342
5Y-9.84210Y30.853-40.696
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD-39.8515.619-45.470
MRQ-35.1845.505-40.689
TTM-35.1845.667-40.851
YOY9.4543.801+5.653
5Y-9.8425.342-15.184
10Y30.8537.598+23.255
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of BlackRock Long-Term Municipal Advantage Trust:

  • The EOD is 5.184. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 4.576. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 4.576. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD5.184MRQ4.576+0.607
MRQ4.576TTM4.5760.000
TTM4.576YOY6.355-1.779
TTM4.5765Y14.915-10.338
5Y14.91510Y17.145-2.230
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD5.1844.635+0.549
MRQ4.5764.286+0.290
TTM4.5763.311+1.265
YOY6.3552.052+4.303
5Y14.9152.207+12.708
10Y17.1452.479+14.666
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 0.85 means the investor is paying $0.85 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of BlackRock Long-Term Municipal Advantage Trust:

  • The EOD is 0.964. Based on the equity, the company is cheap. +2
  • The MRQ is 0.851. Based on the equity, the company is cheap. +2
  • The TTM is 0.851. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.964MRQ0.851+0.113
MRQ0.851TTM0.8510.000
TTM0.851YOY0.796+0.055
TTM0.8515Y0.978-0.127
5Y0.97810Y0.947+0.031
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD0.9640.927+0.037
MRQ0.8510.911-0.060
TTM0.8510.910-0.059
YOY0.7960.983-0.187
5Y0.9781.008-0.030
10Y0.9471.157-0.210
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 Long-Term Municipal Advantage Trust.

3.1. Insider Transactions

Insiders are holding 0.009% of the shares of BlackRock Long-Term Municipal Advantage Trust.

DateOwnerTypeAmountPricePost Transaction AmountLink
2020-10-30Peter HayesBUY1100011.7213300
2019-01-15Henry GabbayBUY1011.39
2017-11-03Michael PerilliBUY15011.91
2017-10-13Michael PerilliBUY15012.31
2016-02-12Jerrold B HarrisBUY600011.71100
2016-01-29Jerrold B HarrisBUY400011.66100
2016-01-20Peter HayesBUY130011.332300
2015-01-05Henry GabbaySELL160011.3
2013-12-17Peter HayesSELL200010.19
2013-06-05Peter HayesBUY300011.63

4. Summary

4.1. Key Performance Indicators

The key performance indicators of BlackRock Long-Term Municipal Advantage Trust 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---0.693-0.6930%--100%-0.386-44%-0.164-76%
Book Value Per Share--10.36410.3640%11.057-6%11.359-9%11.898-13%
Current Ratio--0.0270.0270%0.050-46%0.043-36%14.751-100%
Debt To Asset Ratio--0.3840.3840%0.425-10%0.412-7%0.402-4%
Debt To Equity Ratio--0.6230.6230%0.738-16%0.702-11%0.674-8%
Dividend Per Share--0.6090.6090%0.647-6%0.617-1%0.645-6%
Eps---0.251-0.2510%0.931-127%0.236-206%0.498-150%
Free Cash Flow Per Share--1.9271.9270%1.385+39%1.085+78%0.718+168%
Free Cash Flow To Equity Per Share---0.047-0.0470%-0.036-24%-0.009-81%-0.003-93%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--34.111--------
Intrinsic Value_10Y_min--6.413--------
Intrinsic Value_1Y_max--1.914--------
Intrinsic Value_1Y_min--0.706--------
Intrinsic Value_3Y_max--6.898--------
Intrinsic Value_3Y_min--2.080--------
Intrinsic Value_5Y_max--13.263--------
Intrinsic Value_5Y_min--3.396--------
Market Cap134264601.000+12%118540085.580118540085.5800%118711348.8000%149630869.996-21%151490161.328-22%
Net Profit Margin--1.0741.0740%-+100%0.821+31%0.872+23%
Operating Margin--2.1002.1000%-+100%0.768+173%0.809+160%
Operating Ratio--4.4434.4430%-+100%1.809+146%1.009+341%
Pb Ratio0.964+12%0.8510.8510%0.796+7%0.978-13%0.947-10%
Pe Ratio-39.851-13%-35.184-35.1840%9.454-472%-9.842-72%30.853-214%
Price Per Share9.990+12%8.8208.8200%8.800+0%11.078-20%11.230-21%
Price To Free Cash Flow Ratio5.184+12%4.5764.5760%6.355-28%14.915-69%17.145-73%
Price To Total Gains Ratio-118.256-13%-104.406-104.4060%13.597-868%-22.755-78%17.799-687%
Quick Ratio--0.0270.0270%0.044-40%-0.278+1146%14.445-100%
Return On Assets---0.015-0.0150%0.048-131%0.009-274%0.023-165%
Return On Equity---0.024-0.0240%0.084-129%0.013-290%0.037-166%
Total Gains Per Share---0.084-0.0840%0.647-113%0.231-137%0.481-118%
Usd Book Value--139287761.000139287761.0000%149157146.000-7%153339557.800-9%160461580.000-13%
Usd Book Value Change Per Share---0.693-0.6930%--100%-0.386-44%-0.164-76%
Usd Book Value Per Share--10.36410.3640%11.057-6%11.359-9%11.898-13%
Usd Dividend Per Share--0.6090.6090%0.647-6%0.617-1%0.645-6%
Usd Eps---0.251-0.2510%0.931-127%0.236-206%0.498-150%
Usd Free Cash Flow--25902037.00025902037.0000%18678760.000+39%14630544.800+77%9689306.500+167%
Usd Free Cash Flow Per Share--1.9271.9270%1.385+39%1.085+78%0.718+168%
Usd Free Cash Flow To Equity Per Share---0.047-0.0470%-0.036-24%-0.009-81%-0.003-93%
Usd Market Cap134264601.000+12%118540085.580118540085.5800%118711348.8000%149630869.996-21%151490161.328-22%
Usd Price Per Share9.990+12%8.8208.8200%8.800+0%11.078-20%11.230-21%
Usd Profit---3369146.000-3369146.0000%12556112.000-127%3144651.600-207%6698751.700-150%
Usd Revenue---3138120.000-3138120.0000%--100%823279.000-481%6044888.600-152%
Usd Total Gains Per Share---0.084-0.0840%0.647-113%0.231-137%0.481-118%
 EOD+4 -4MRQTTM+0 -0YOY+10 -255Y+12 -2410Y+11 -25

4.2. Fundamental Score

Let's check the fundamental score of BlackRock Long-Term Municipal Advantage Trust based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-39.851
Price to Book Ratio (EOD)Between0-10.964
Net Profit Margin (MRQ)Greater than01.074
Operating Margin (MRQ)Greater than02.100
Quick Ratio (MRQ)Greater than10.027
Current Ratio (MRQ)Greater than10.027
Debt to Asset Ratio (MRQ)Less than10.384
Debt to Equity Ratio (MRQ)Less than10.623
Return on Equity (MRQ)Greater than0.15-0.024
Return on Assets (MRQ)Greater than0.05-0.015
Total5/10 (50.0%)

4.3. Technical Score

Let's check the technical score of BlackRock Long-Term Municipal Advantage Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5031.879
Ma 20Greater thanMa 5010.122
Ma 50Greater thanMa 10010.202
Ma 100Greater thanMa 2009.963
OpenGreater thanClose10.000
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets226,059
Total Liabilities86,771
Total Stockholder Equity139,288
 As reported
Total Liabilities 86,771
Total Stockholder Equity+ 139,288
Total Assets = 226,059

Assets

Total Assets226,059
Total Current Assets2,352
Long-term Assets223,707
Total Current Assets
Net Receivables 2,307
Total Current Assets  (as reported)2,352
Total Current Assets  (calculated)2,307
+/- 46
Long-term Assets
Long Term Investments 223,707
Long-term Assets  (as reported)223,707
Long-term Assets  (calculated)223,707
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities86,771
Long-term Liabilities0
Total Stockholder Equity139,288
Total Current Liabilities
Accounts payable 110
Other Current Liabilities 86,661
Total Current Liabilities  (as reported)86,771
Total Current Liabilities  (calculated)86,771
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock156,198
Retained Earnings -16,910
Total Stockholder Equity (as reported)139,288
Total Stockholder Equity (calculated)139,288
+/-0
Other
Capital Stock156,198
Common Stock Shares Outstanding 13,440
Liabilities and Stockholders Equity 226,059
Net Tangible Assets 139,288
Net Working Capital -84,419



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-10-312022-10-312021-10-312020-10-312019-10-312018-10-312017-10-312016-10-312015-10-312014-10-312013-10-312012-10-312011-10-312010-10-312009-10-312009-04-302008-10-312007-10-312006-10-31
> Total Assets 
378,800
364,200
210,200
210,100
243,900
229,300
265,400
277,000
251,400
253,800
283,700
277,600
283,910
280,099
265,451
293,964
259,179
0
226,059
226,0590259,179293,964265,451280,099283,910277,600283,700253,800251,400277,000265,400229,300243,900210,100210,200364,200378,800
   > Total Current Assets 
5,800
9,600
5,100
0
8,200
8,800
4,400
4,600
3,600
3,600
9,200
5,100
4,722
4,780
5,606
4,217
5,641
5,641
2,352
2,3525,6415,6414,2175,6064,7804,7225,1009,2003,6003,6004,6004,4008,8008,20005,1009,6005,800
       Cash And Cash Equivalents 
500
0
100
100
0
200
100
700
100
100
100
500
0
1
1
18
91
0
0
00911811050010010010070010020001001000500
       Net Receivables 
5,300
9,600
5,000
4,963
8,200
8,600
4,300
3,900
3,500
3,500
9,100
4,600
4,722
4,533
5,567
3,931
4,247
4,964
2,307
2,3074,9644,2473,9315,5674,5334,7224,6009,1003,5003,5003,9004,3008,6008,2004,9635,0009,6005,300
       Other Current Assets 
0
0
0
0
0
0
0
0
101
113
134
490
103
228
0
231
791
628
0
0628791231022810349013411310100000000
   > Long-term Assets 
373,000
354,500
205,100
0
235,700
220,400
261,000
272,400
247,800
250,200
274,500
272,500
279,065
192,527
196,833
222,039
203,895
0
223,707
223,7070203,895222,039196,833192,527279,065272,500274,500250,200247,800272,400261,000220,400235,7000205,100354,500373,000
       Long Term Investments 
0
354,472
201,198
205,080
0
0
0
0
106,338
112,483
221,199
205,374
279,065
275,319
259,845
289,747
254,161
0
223,707
223,7070254,161289,747259,845275,319279,065205,374221,199112,483106,3380000205,080201,198354,4720
       Other Assets 
378,900
100
210,100
47
243,900
100
265,400
277,000
251,400
253,800
283,800
277,600
122
82,792
63,012
67,709
49,642
52,985
0
052,98549,64267,70963,01282,792122277,600283,800253,800251,400277,000265,400100243,90047210,100100378,900
> Total Liabilities 
180,700
181,000
83,100
83,100
93,600
88,800
102,200
104,600
90,100
85,900
110,700
112,800
119,123
112,668
115,107
115,212
110,022
0
86,771
86,7710110,022115,212115,107112,668119,123112,800110,70085,90090,100104,600102,20088,80093,60083,10083,100181,000180,700
   > Total Current Liabilities 
180,500
180,700
83,000
0
93,500
88,700
102,100
104,500
1,000
1,000
100
100
7,225
112,668
115,107
115,212
112,408
112,408
86,771
86,771112,408112,408115,212115,107112,6687,2251001001,0001,000104,500102,10088,70093,500083,000180,700180,500
       Short-term Debt 
0
0
0
0
0
0
0
0
89,036
723,600
100
100
0
485
0
0
0
0
0
000004850100100723,60089,03600000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
89,036
723,600
101,237,207
10,326,224
0
0
0
0
0
0
0
000000010,326,224101,237,207723,60089,03600000000
       Accounts payable 
0
3,357
1,927
3,934
0
0
0
0
0
0
7,623
4,001
7,225
1,676
2,209
689
2,385
4,069
110
1104,0692,3856892,2091,6767,2254,0017,6230000003,9341,9273,3570
       Other Current Liabilities 
180,500
180,700
83,000
0
93,500
88,700
102,100
104,500
1,000
1,000
797
760
-7,225
110,992
112,898
114,524
110,023
743
86,661
86,661743110,023114,524112,898110,992-7,2257607971,0001,000104,500102,10088,70093,500083,000180,700180,500
   > Long-term Liabilities 
0
100
0
0
0
0
0
0
89,000
84,900
102,000
107,700
0
485
2,209
689
2,385
0
0
002,3856892,2094850107,700102,00084,90089,0000000001000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
36,025
34,595
36,908
38,607
31,735
0
0
0031,73538,60736,90834,59536,025000000000000
       Other Liabilities 
0
111
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000001110
       Deferred Long Term Liability 
0
1
0
0
0
0
0
0
0
0
448
0
0
0
0
0
0
0
0
000000004480000000010
> Total Stockholder Equity
198,100
183,200
127,100
127,079
150,400
140,500
163,200
172,400
161,300
167,900
173,000
164,700
164,787
167,431
150,344
178,752
149,157
0
139,288
139,2880149,157178,752150,344167,431164,787164,700173,000167,900161,300172,400163,200140,500150,400127,079127,100183,200198,100
   Common Stock
0
13
13
0
0
0
0
0
191,004
191,004
168,946
162,049
157,212
156,245
156,279
156,279
156,391
156,401
156,198
156,198156,401156,391156,279156,279156,245157,212162,049168,946191,004191,0040000013130
   Retained Earnings 
-300
-7,628
-29,200
-63,711
-34,800
-36,600
-41,800
-40,600
-42,100
-41,400
-18,900
-12,500
1,196
11,186
-5,935
22,473
-7,234
-6,288
-16,910
-16,910-6,288-7,23422,473-5,93511,1861,196-12,500-18,900-41,400-42,100-40,600-41,800-36,600-34,800-63,711-29,200-7,628-300
   Accumulated Other Comprehensive Income 
16,400
-15,200
-69,000
-69,000
-11,400
-28,000
27,200
42,800
24,800
36,600
46,000
30,400
0
0
0
0
0
0
0
000000030,40046,00036,60024,80042,80027,200-28,000-11,400-69,000-69,000-15,20016,400
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
162,049
157,212
156,245
156,279
156,279
156,378
0
0
00156,378156,279156,279156,245157,212162,04900000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
182,000
198,400
225,300
0
196,600
205,100
177,800
170,200
178,600
172,700
145,900
146,800
6,380
-167,431
-150,344
-178,752
0
0
-139,288
-139,28800-178,752-150,344-167,4316,380146,800145,900172,700178,600170,200177,800205,100196,6000225,300198,400182,000



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 (+$)
totalRevenue-3,138
Cost of Revenue--14,173
Gross Profit11,03511,035
 
Operating Income (+$)
Gross Profit11,035
Operating Expense-231
Operating Income9,41910,804
 
Operating Expense (+$)
Research Development0
Selling General Administrative213
Selling And Marketing Expenses0
Operating Expense231213
 
Net Interest Income (+$)
Interest Income10,861
Interest Expense-3,222
Other Finance Cost-0
Net Interest Income7,639
 
Pretax Income (+$)
Operating Income9,419
Net Interest Income7,639
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-3,36922,207
EBIT - interestExpense = -9,813
-19,379
-147
Interest Expense3,222
Earnings Before Interest and Taxes (EBIT)-6,591-147
Earnings Before Interest and Taxes (EBITDA)-16,010
 
After tax Income (+$)
Income Before Tax-3,369
Tax Provision-0
Net Income From Continuing Ops-3,369-3,369
Net Income-3,369
Net Income Applicable To Common Shares-3,369
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses11,182
Total Other Income/Expenses Net-12,788-7,639
 

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 28.6% 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 (28.6%) Bearish trend (-28.6%)
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 Long-Term Municipal Advantage Trust.

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

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 10.05 < 10.05 < 10.14.

The bearish price targets are: 9.9723933586338 > 9.957771909001 > 9.9447.

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BlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower 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 down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below 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 Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current macd is -0.0594051.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-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 below the zero line (centerline), it indicates a bearish signal for Blackrock. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Blackrock price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -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 Long-Term Municipal Advantage Trust Daily Moving Average Convergence/Divergence (MACD) ChartBlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current adx is 26.54.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-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 up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
BlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current sar is 10.26.

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 Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current rsi is 31.88. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
BlackRock Long-Term Municipal Advantage Trust Daily Relative Strength Index (RSI) ChartBlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. 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 Long-Term Municipal Advantage Trust Daily Stochastic Oscillator ChartBlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current cci is -116.48114449.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
BlackRock Long-Term Municipal Advantage Trust Daily Commodity Channel Index (CCI) ChartBlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current cmo is -52.51972867.

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 Long-Term Municipal Advantage Trust Daily Chande Momentum Oscillator (CMO) ChartBlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current willr is -73.52941176.

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 Long-Term Municipal Advantage Trust Daily Williams %R ChartBlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust.

BlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current atr is 0.07536571.

BlackRock Long-Term Municipal Advantage Trust Daily Average True Range (ATR) ChartBlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current obv is -1,123,766.

BlackRock Long-Term Municipal Advantage Trust Daily On-Balance Volume (OBV) ChartBlackRock Long-Term Municipal Advantage Trust 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 Long-Term Municipal Advantage Trust. The current mfi is 30.88.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
BlackRock Long-Term Municipal Advantage Trust Daily Money Flow Index (MFI) ChartBlackRock Long-Term Municipal Advantage Trust Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for BlackRock Long-Term Municipal Advantage Trust.

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
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-16ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01CCI 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).
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-03CCI 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.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-09ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08MACD 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
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26STOCH 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.
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-07DMI 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
2024-03-08DMI 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
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-14WILLR 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).
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

BlackRock Long-Term Municipal Advantage Trust Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of BlackRock Long-Term Municipal Advantage Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5031.879
Ma 20Greater thanMa 5010.122
Ma 50Greater thanMa 10010.202
Ma 100Greater thanMa 2009.963
OpenGreater thanClose10.000
Total3/5 (60.0%)
Penke

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