Guggenheim Build America Bonds Managed Stock Forecast

Red day on Wednesday for Guggenheim Build America Bonds Managed stock after losing 0.256%
(Updated on May 01, 2024)

GBAB Signals & Forecast

There are mixed signals in the stock today. 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 $15.63 and $16.09. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.193%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Guggenheim Build America Bonds Managed finds support from accumulated volume at $15.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.198 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 1.13%

Guggenheim Build America Bonds Managed is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $14.58 (-6.57%) (This stock has low daily movements and this gives low risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (GBAB) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd 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 $15.42 and $15.80, which gives a possible trading interval of +/-$0.195 (+/-1.25%) 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 2.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.58 (0.19%) than the resistance at $16.15 (3.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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

Guggenheim Build America Bonds Managed holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.488 Hold/Accumulate Unchanged

Predicted Opening Price for Guggenheim Build America Bonds Managed Duration Trust of Thursday, May 2, 2024

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