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AI Analysis of GBAB
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Weaker technical forecast for Guggenheim Build America Bonds Managed as stock downgraded to Hold/Accumulate.
(Updated on Mar 18, 2024)

Buy or Hold candidate since Mar 08, 2024 Loss -3.25% PDF

The Guggenheim Build America Bonds Managed stock price fell by -1.51% on the last day (Monday, 18th Mar 2024) from $16.60 to $16.35. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.38% from a day low at $16.35 to a day high of $16.74. The price has been going up and down for this period, and there has been a -0.49% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 46 thousand shares were bought and sold for approximately $744.09 thousand.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guggenheim Build America Bonds Managed stock with a 90% probability to be traded between $16.23 and $17.26 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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GBAB Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. On corrections up, there will be some resistance from the lines at $16.80 and $16.55. 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 -4.44%. Further fall is indicated until a new bottom pivot has been found. 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.

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

Guggenheim Build America Bonds Managed finds support from accumulated volume at $16.26 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 controlled movements and therefore the general risk is considered 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 $0.390 between high and low, or 2.38%. For the last week the stock has had daily average volatility of 1.54%.

Our recommended stop-loss: $15.48 (-5.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GBAB) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Guggenheim Build America Bonds Managed Duration Trust to open at $16.48, and during the day (based on 14 day Average True Range), to move between $16.11 and $16.59, which gives a possible trading interval of +/-$0.245 (+/-1.50%) 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 2.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.26 (0.55%) than the resistance at $16.57 (1.35%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.816 Hold/Accumulate Downgraded

Predicted Opening Price for Guggenheim Build America Bonds Managed Duration Trust of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$16.48 ( 0.795%) $16.35

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

Trading levels for GBAB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.87 3.18 %
R2 16.72 2.27 %
R1 16.63 1.71 %
Current price: 16.35
Support S1 16.33 -0.116 %
S2 16.24 -0.679 %
S3 16.09 -1.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.69 2.08 %
R2 16.60 1.53 %
R1 16.57 1.35 %
Current price 16.35
Support S1 16.26 -0.550%
S2 16.18 -1.04%
S3 16.15 -1.22%

GBAB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Mar 29, 2024 $0.126 0.769%
2 Feb 01, 2024 Feb 14, 2024 Feb 29, 2024 $0.126 0.779%
3 Jan 02, 2024 Jan 11, 2024 Jan 31, 2024 $0.126 0.751%
4 Dec 01, 2023 Dec 14, 2023 Dec 29, 2023 $0.126 0.777%
5 Nov 01, 2023 Nov 14, 2023 Nov 30, 2023 $0.126 0.81%

FAQ

What is the symbol for Guggenheim Build America Bonds Managed Duration Trust Stock and on which exchange is it traded?
The symbol for Guggenheim Build America Bonds Managed Duration Trust is GBAB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Guggenheim Build America Bonds Managed Duration Trust Stock?
Guggenheim Build America Bonds Managed holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Guggenheim Build America Bonds Managed Duration Trust Stock?
Guggenheim Build America Bonds Managed Duration Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Guggenheim Build America Bonds Managed Duration Trust Stock.

What's the current price of Guggenheim Build America Bonds Managed Duration Trust Stock?
As of the end of day on the 2024-03-18, the price of an Guggenheim Build America Bonds Managed Duration Trust (GBAB) share was $16.35.

What is the 52-week high and low for Guggenheim Build America Bonds Managed Duration Trust Stock?
The 52-week high for Guggenheim Build America Bonds Managed Duration Trust Stock is $17.40 and the 52-week low is $14.22.

What is the market capitalization of Guggenheim Build America Bonds Managed Duration Trust Stock?
As of the 2024-03-18, the market capitalization of Guggenheim Build America Bonds Managed Duration Trust is 354.677M.
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About Guggenheim Build America Bonds Managed Duration Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of taxable municipal securities known as Build America Bonds. It was forme... GBAB Profile

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