CALAMOS CONVERT & HIGH INC (CHY) Stock Technical Analysis
NASDAQ:CHY - Nasdaq - US12811P1084 - Currency: USD
Taking everything into account, CHY scores 7 out of 10 in our technical rating. In the last year, CHY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CHY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.88, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.22
We found 1 important support area.
- A support zone ranging from 10.32 to 10.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.01 to 11.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.09 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 CHY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHY is up. |
| ChartMill Relative Strength | 46.14 | NEUTRAL | CHY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.02 | NEUTRAL | The RSI value for CHY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CHY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.58 | OVERBOUGHT | The high Stochastics value suggests CHY may be overbought. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for CHY suggests low volalility. |
| Average Directional Index/ADX (14) | 26.65 | POSITIVE | The high ADX value value for CHY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.02 | 10.82 | 0.20 (1.81%) | 25.00% |
| An entry @11.02. This is a Buy Stop order right above the resistance zone. | An exit @10.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.20 points, which is 1.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.45%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:CHY (7/11/2025, 8:00:00 PM)
11
-0.05 (-0.45%)