LEO BNY Mellon Strategic Municipals Forecast, Technical & Fundamental Analysis

LEO in upward trend: price may jump up because it broke its lower Bollinger Band on June 02, 2025

LEO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 39 cases where LEO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Momentum Indicator moved above the 0 level on June 23, 2025. You may want to consider a long position or call options on LEO as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for LEO just turned positive on June 12, 2025. Looking at past instances where LEO's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

LEO moved above its 50-day moving average on June 23, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for LEO crossed bullishly above the 50-day moving average on June 23, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LEO advanced for three days, in of 276 cases, the price rose further within the following month. 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 LEO 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 LEO entered a downward trend on June 12, 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.