BNYM HIGH YIELD STRATEGIES (DHF) Stock Technical Analysis
NYSE:DHF - New York Stock Exchange, Inc. - US09660L1052 - Currency: USD
We assign a technical rating of 5 out of 10 to DHF. DHF has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, DHF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.52, a Stop Loss order could be placed below this zone.
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2.26
3 important support areas can be observed.
- A support zone ranging from 2.50 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.37 from a trend line in the weekly 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.53 to 2.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 2.66 to 2.70. 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 | UP | POSITIVE | The short term trend for DHF is up. |
| ChartMill Relative Strength | 48.55 | NEUTRAL | DHF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DHF is above 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) | DOWN | NEGATIVE | The current price of DHF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.01 | NEUTRAL | The RSI value for DHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DHF has a positive trend. |
| Stochastics (14,3) | 83.89 | OVERBOUGHT | The high Stochastics value suggests DHF may be overbought. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for DHF suggests low volalility. |
| Average Directional Index/ADX (14) | 13.75 | NEGATIVE | The low ADX value for DHF suggests a weak or negative trend. |
NYSE:DHF (6/12/2025, 8:04:00 PM)
2.53
+0.02 (+0.76%)