Overall BAB gets a technical rating of 4 out of 10. BAB has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, BAB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 27.24, a Stop Loss order could be placed below this zone.
More info and screens
25.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 26.28 to 27.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.69 to 25.84. 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 27.25 to 27.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BAB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAB is neutral. |
| ChartMill Relative Strength | 45.48 | NEUTRAL | BAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.5 | NEUTRAL | The RSI value for BAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.8 | NEUTRAL | The Stochastics value for BAB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for BAB suggests low volalility. |
| Average Directional Index/ADX (14) | 13.23 | NEGATIVE | The low ADX value for BAB suggests a weak or negative trend. |
27.25
-0.04 (-0.15%)
INVESCO TAXABLE MUNICIPAL BO / BAB FAQ
What is the ChartMill technical rating of INVESCO TAXABLE MUNICIPAL BO (BAB) stock?
ChartMill assigns a technical rating of 4 / 10 to BAB.
What is the current trend direction of INVESCO TAXABLE MUNICIPAL BO (BAB) stock?
The current trend direction for INVESCO TAXABLE MUNICIPAL BO (BAB) is Bullish.
Can you provide the RSI signal for INVESCO TAXABLE MUNICIPAL BO?
INVESCO TAXABLE MUNICIPAL BO (BAB) has an RSI value of 49.4963. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO TAXABLE MUNICIPAL BO?
The short term momentum for INVESCO TAXABLE MUNICIPAL BO (BAB) is neutral.
Can you provide the support and resistance levels for INVESCO TAXABLE MUNICIPAL BO?
INVESCO TAXABLE MUNICIPAL BO (BAB) has a support level at 27.24 and a resistance level at 27.25. Check the full technical report for our detailed analysis of BAB support and resistance levels.