iShares 10+ Year Credit Bond (CLY) Stock Technical Analysis
NYSEARCA:CLY - NYSE Arca -
We assign a technical rating of 3 out of 10 to CLY. Recently some decent action could be observed, but in the medium term time frame this is still negative. CLY was also a bad performer in the overall market in the last year.
Although the technical rating is bad, CLY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 58.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.83, a Stop Loss order could be placed below this zone.
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56.82
We found 1 important support area.
- A support zone ranging from 57.39 to 58.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 58.97 to 59.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 63.59 to 63.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for CLY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLY is up. |
| ChartMill Relative Strength | 39.24 | NEUTRAL | CLY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.91 | NEUTRAL | The RSI value for CLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CLY has a positive trend. |
| Stochastics (14,3) | 58.89 | NEUTRAL | The Stochastics value for CLY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for CLY suggests low volalility. |
NYSEARCA:CLY (7/31/2018, 8:04:05 PM)
58.91
+0.35 (+0.6%)