BNYM HIGH YIELD STRATEGIES (DHF) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DHF • US09660L1052
Taking everything into account, DHF scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. DHF was also a bad performer in the overall market in the last year.
- 67% of all other stocks performed better in the past year than DHF.
- DHF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DHF is lagging the market slightly.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month DHF has a been trading in a tight range between 2.50 and 2.56.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, DHF does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DHF in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
2.26
We found 2 important support areas.
- A support zone ranging from 2.48 to 2.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.28 to 2.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.53 to 2.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.60 to 2.67. 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 | NEUTRAL | NEUTRAL | The long term trend for DHF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DHF is neutral. |
| ChartMill Relative Strength | 33.42 | NEUTRAL | DHF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DHF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DHF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DHF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.49 | NEUTRAL | The RSI value for DHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DHF has a negative trend. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for DHF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for DHF suggests low volalility. |
| Average Directional Index/ADX (14) | 28.86 | POSITIVE | The high ADX value value for DHF suggests a strong trend. |
2.52
-0.01 (-0.4%)
BNYM HIGH YIELD STRATEGIES / DHF FAQ
What is the ChartMill technical rating of BNYM HIGH YIELD STRATEGIES (DHF) stock?
ChartMill assigns a technical rating of 3 / 10 to DHF.
Can you provide the trend direction for BNYM HIGH YIELD STRATEGIES?
The current trend direction for BNYM HIGH YIELD STRATEGIES (DHF) is Bearish.
What is the RSI signal for BNYM HIGH YIELD STRATEGIES (DHF) stock?
BNYM HIGH YIELD STRATEGIES (DHF) has an RSI value of 51.4903. This indicates that the stock is currently neutral.
What is the MACD signal for DHF stock?
The MACD indicator for BNYM HIGH YIELD STRATEGIES (DHF) has a value of -0.000761905, indicating a bearish trend.
Can you provide the short term momentum for BNYM HIGH YIELD STRATEGIES?
The short term momentum for BNYM HIGH YIELD STRATEGIES (DHF) is neutral.