Guggenheim Build America Bonds Managed Stock Forecast

Guggenheim Build America Bonds Managed stock price down 0.320% on Friday
(Updated on Apr 26, 2024)

GBAB Signals & Forecast

There are few to no technical positive signals at the moment. The Guggenheim Build America Bonds Managed stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $15.67 and $16.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -8.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Guggenheim Build America Bonds Managed gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Guggenheim Build America Bonds Managed stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.23%.

Guggenheim Build America Bonds Managed is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GBAB) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Guggenheim Build America Bonds Managed Duration Trust to open at $15.67, and during the day (based on 14 day Average True Range), to move between $15.37 and $15.79, which gives a possible trading interval of +/-$0.206 (+/-1.32%) up or down from last closing price. If Guggenheim Build America Bonds Managed Duration Trust takes out the full calculated possible swing range there will be an estimated 2.65% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $16.15, some $0.570 (3.66%) from the current price of $15.58, our system finds the risk reward not very attractive.

Is Guggenheim Build America Bonds Managed Duration Trust stock A Buy?

Guggenheim Build America Bonds Managed holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.859 Sell Candidate Unchanged

Predicted Opening Price for Guggenheim Build America Bonds Managed Duration Trust of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.