(GBAB) Investment Analysis

November 23, 2024, 06:24 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GBAB

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short GBAB slightly under 16.03, target n/a, stop loss @ 16.08 Details

The technical summary data is suggesting a short of GBAB as it gets near 16.03, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 16.08. 16.03 is the first level of resistance above 15.64, and by rule, any test of resistance is a short signal. In this case, if resistance 16.03 is being tested, so a short signal would exist.

Swing Trading Plans for GBAB

• Buy GBAB slightly over 15.66, target 16.03, Stop Loss @ 15.61 Details

If 15.66 begins to break higher, the technical summary data tells us to buy GBAB just slightly over 15.66, with an upside target of 16.03. The data also tells us to set a stop loss @ 15.61 in case the stock turns against the trade. 15.66 is the first level of resistance above 15.64, and by rule, any break above resistance is a buy signal. In this case, 15.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GBAB slightly near 15.66, target n/a, Stop Loss @ 15.71. Details

The technical summary data is suggesting a short of GBAB if it tests 15.66 with a downside target of n/a. We should have a stop loss in place at 15.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GBAB

• Buy GBAB slightly over 15.66, target 16.03, Stop Loss @ 15.62 Details

If 15.66 begins to break higher, the technical summary data tells us to buy GBAB just slightly over 15.66, with an upside target of 16.03. The data also tells us to set a stop loss @ 15.62 in case the stock turns against the trade. 15.66 is the first level of resistance above 15.64, and by rule, any break above resistance is a buy signal. In this case, 15.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GBAB slightly near 15.66, target n/a, Stop Loss @ 15.7. Details

The technical summary data is suggesting a short of GBAB if it tests 15.66 with a downside target of n/a. We should have a stop loss in place at 15.7 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Of Beneficial Interest (GBAB) available here: GBAB.

GBAB Ratings for November 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	16.03
P2	15.64	15.66	16.84
P3	0		17.69

AI Generated Signals for GBAB

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Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GBAB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GBAB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GBAB too.  All of these are offered below the Summary Table.