VIRTUS NEWFLEET HIGH YIELD B (BLHY) Stock Technical Analysis
USA - NYSEARCA:BLHY - US92790A2078 - ETF
20.955 USD
+0.09 (+0.43%)
We assign a technical rating of 5 out of 10 to BLHY. In the last year, BLHY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: BLHY has an average volume of 574 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the performance of all stocks over the past year, BLHY turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
BLHY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLHY is lagging the market.
In the last month BLHY has a been trading in a tight range between 20.12 and 21.14.
BLHY has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.85
22.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.64 to 20.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.05 to 20.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 21.01 to 21.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.82 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BLHY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLHY is up. |
| ChartMill Relative Strength | 42.66 | NEUTRAL | BLHY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLHY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BLHY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BLHY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.96 | NEUTRAL | The RSI value for BLHY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BLHY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.36 | NEUTRAL | The Stochastics value for BLHY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for BLHY suggests low volalility. |
| Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for BLHY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:BLHY (11/27/2023, 8:04:01 PM)
20.955
+0.09 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.43%
1 Week0.1%
2 Weeks1.92%
1 Month3.25%
3 Month-1.18%
6 Month0.41%
12 Month-0.59%
2 Year-13.14%
3 Year-12.58%
5 Year-12.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.68%
ATR Inc32.46%
Range Today0
ADR(20)0.08
ADR(20)%0.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.66
Mansfield-0.73
10 Day High21.14
10 Day Low20.69
20 Day High21.14
20 Day Low20.12
52 Week High21.57
52 Week Low20.06
CS1 End20.89
CR1 Start21.01
Volume & EV
DER(3)-7.14%
DER(5)-4.28%
Volume100
Volume Incr73.58%
Vol(5)460
Vol(50)574