GUGGENHEIM TAXABLE MUNICIPAL (GBAB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GBAB - US4016641072
Taking everything into account, GBAB scores 0 out of 10 in our technical rating. GBAB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, GBAB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 14.93, a Stop Loss order could be placed below this zone.
More info and screens
14.36
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.86 to 14.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 14.50 to 14.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.19 to 15.90. 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 | NEUTRAL | NEUTRAL | The long term trend for GBAB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GBAB is down. |
| ChartMill Relative Strength | 35.06 | NEUTRAL | GBAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GBAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GBAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GBAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.12 | NEUTRAL | The RSI value for GBAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GBAB has a negative trend. |
| Stochastics (14,3) | 8.93 | OVERSOLD | The low Stochastics value suggests GBAB may be oversold. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for GBAB suggests low volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for GBAB suggests a possible start of a new trend. |
15.04
-0.01 (-0.07%)
GUGGENHEIM TAXABLE MUNICIPAL / GBAB FAQ
What is the technical rating for GBAB stock?
ChartMill assigns a technical rating of 0 / 10 to GBAB.
Can you provide the trend direction for GUGGENHEIM TAXABLE MUNICIPAL?
The current trend direction for GUGGENHEIM TAXABLE MUNICIPAL (GBAB) is Bearish.
What is the RSI signal for GUGGENHEIM TAXABLE MUNICIPAL (GBAB) stock?
GUGGENHEIM TAXABLE MUNICIPAL (GBAB) has an RSI value of 37.1238. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for GUGGENHEIM TAXABLE MUNICIPAL?
GUGGENHEIM TAXABLE MUNICIPAL (GBAB) has a support level at 14.93 and a resistance level at 15.19. Check the full technical report for our detailed analysis of GBAB support and resistance levels.