BAB Invesco Taxable Municipal Bond ETF Forecast, Technical & Fundamental Analysis
BAB in +0.11% Uptrend, advancing for three consecutive days on January 03, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BAB advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BAB's RSI Indicator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BAB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BAB entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category MuniNationalLong
BAB and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, BAB has been closely correlated with BLV. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if BAB jumps, then BLV could also see price increases.
| Ticker / NAME | Correlation To BAB | 1D Price Change % | ||
|---|---|---|---|---|
| BAB | 100% | -0.27% | ||
| BLV - BAB | 88% Closely correlated | -0.42% | ||
| ILTB - BAB | 87% Closely correlated | -0.37% | ||
| SPLB - BAB | 85% Closely correlated | -0.40% | ||
| VCLT - BAB | 84% Closely correlated | -0.49% | ||
| IGLB - BAB | 84% Closely correlated | -0.48% | ||
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