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Spdr Nuveen Bloomberg High Yield Municipal Bond Etf | HYMB

Daily Technical Analysis of Spdr Nuveen Bloomberg High Yield Municipal Bond Etf

It looks like HYMB may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line HYMB is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through this line in which case there might be a burst of selling on the other side. HYMB hasn't had very clear momentum over the last 3 months in either direction. Which makes it a little harder to predict. But hasn't shown the selling pressure to make me feel certain it will break through the line.

If the price bounces off of the support and moves up it'll probably head up to the $25.6 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $23.9 where it may meet further support, hopefully it can consolidate around that point.


Last analyzed on 2025-03-31

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Research

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