BSMT Invesco BulletShares 2029 Muncpl Bd ETF Forecast, Technical & Fundamental Analysis
BSMT sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for BSMT moved below the 200-day moving average on September 06, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BSMT as a result. In of 47 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BSMT turned negative on September 21, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 32 similar instances when the indicator turned negative. In of the 32 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BSMT 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 BSMT entered a downward trend on September 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BSMT advanced for three days, in of 253 cases, the price rose further within the following month. The odds of a continued upward trend are .
BSMT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category MunicipalBondFunds
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FITGX | 16.41 | N/A | N/A |
| Fidelity Advisor® International Growth M | |||
| IJSTX | 12.70 | N/A | N/A |
| VY® JPMorgan Small Cap Core Equity S2 | |||
| GEMJX | 10.31 | N/A | N/A |
| Goldman Sachs Emerging Mkt Eq ex. ChnIns | |||
| VILLX | 18.61 | -0.01 | -0.05% |
| Villere Balanced Inv | |||
| OANGX | 31.24 | -0.02 | -0.06% |
| Oakmark Global Institutional | |||
BSMT and
Correlation & Price change
A.I.dvisor indicates that over the last year, BSMT has been closely correlated with IBMP. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if BSMT jumps, then IBMP could also see price increases.
| Ticker / NAME | Correlation To BSMT | 1D Price Change % | ||
|---|---|---|---|---|
| BSMT | 100% | +0.03% | ||
| IBMP - BSMT | 80% Closely correlated | N/A | ||
| IBMO - BSMT | 75% Closely correlated | +0.20% | ||
| IBMN - BSMT | 67% Closely correlated | -0.02% | ||
| BTT - BSMT | 50% Loosely correlated | +0.62% | ||
| IBMM - BSMT | 49% Loosely correlated | -0.02% | ||
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