NYSEARCA:BUSA - NYSE Arca - US9009343081 - ETF - Currency: USD
Taking everything into account, BUSA scores 4 out of 10 in our technical rating. BUSA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, BUSA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.65, a Stop Loss order could be placed below this zone.
29.18
We found 2 important support areas.
When analyzing the resistance we notice 3 important areas.
NYSEARCA:BUSA (5/9/2025, 11:13:49 AM)
31.65
-0.03 (-0.09%)