CREDIT SUISSE HIGH YIELD BD (DHY) Stock Technical Analysis
NYSEARCA:DHY - NYSE Arca - US22544F1030 - Currency: USD
Taking everything into account, DHY scores 5 out of 10 in our technical rating. In the past year, DHY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the performance of all stocks over the past year, DHY turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
DHY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DHY is lagging the market.
In the last month DHY has a been trading in a tight range between 2.04 and 2.11.
Although the technical rating is only medium, DHY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DHY in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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
1.87
2.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.03 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.89 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Strong resistance @2.14 from a horizontal line in the daily time frame.
- Resistance @2.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.22 to 2.24. 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 DHY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DHY is up. |
| ChartMill Relative Strength | 44.12 | NEUTRAL | DHY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DHY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DHY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DHY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.2 | NEUTRAL | The RSI value for DHY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DHY has a positive trend. |
| Stochastics (14,3) | 87.78 | OVERBOUGHT | The high Stochastics value suggests DHY may be overbought. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for DHY suggests low volalility. |
| Average Directional Index/ADX (14) | 13.68 | NEGATIVE | The low ADX value for DHY 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)
2.1
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week1.45%
2 Weeks0.48%
1 Month2.94%
3 Month-1.87%
6 Month-3.23%
12 Month3.96%
2 Year11.11%
3 Year11.11%
5 Year5%
10 Year-18.6%
15 Year-28.08%
Volatility
ATR(14)0.02
ATR(20)%0.88%
ATR Inc0%
Range Today0.02
ADR(20)0.02
ADR(20)%0.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.12
Mansfield-0.63
10 Day High2.11
10 Day Low2.06
20 Day High2.11
20 Day Low2.04
52 Week High2.27
52 Week Low1.82
CS1 End2.09
CR1 Start2.14
Volume & EV
DER(3)4.33%
DER(5)1.64%
Volume457.40K
Volume Incr38.04%
Vol(5)546.22K
Vol(50)574.67K