GUGGENHEIM TAXABLE MUNICIPAL (GBAB) Stock Technical Analysis
NYSE:GBAB - New York Stock Exchange, Inc. - US4016641072 - Currency: USD
We assign a technical rating of 1 out of 10 to GBAB. GBAB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, GBAB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 15.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GBAB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.42 to 15.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.99 to 15.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.73 to 15.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NYSE:GBAB (3/7/2025, 8:04:00 PM)
15.72
+0.02 (+0.13%)