CREDIT SUISSE HIGH YIELD BD (DHY)

US22544F1030

1.89  -0.01 (-0.53%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to DHY. In the last year, DHY was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.



The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
DHY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
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 48% 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 1.86 and 1.92.

Statistics

1 Month 3 Months 6 Months 12 Months -0.53% 2.72% 2.16% -4.55% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 48.04 1.65 - 2.07
DHY Weekly chart
DHY Daily chart

Support/Resistance Analysis


1.67

2.00
We found 3 important support areas.
  • A support zone ranging from 1.87 to 1.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @1.76 from a horizontal line in the daily time frame.
  • A support zone ranging from 1.69 to 1.71. 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 1.89 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @1.98 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

8

Although the technical rating is only medium, DHY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.88, 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.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

DHY Daily chart

CREDIT SUISSE HIGH YIELD BD

NYSEARCA:DHY (6/8/2023, 3:29:58 PM)

1.89

-0.01 (-0.53%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.53%
1 Week-1.05%
2 WeeksN/A
1 Month-0.53%
3 Month2.72%
6 Month2.16%
12 Month-4.55%
Volatility
ATR(14)0.03
ATR(20)%1.32%
ATR Inc-20.16%
Range Today0.02
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.04
Mansfield-0.68
10 Day High1.92
10 Day Low1.86
20 Day High1.92
20 Day Low1.86
52 Week High2.07
52 Week Low1.65
CS1 End1.88
CR1 Start1.89
Volume & EV
DER(3)2.52%
DER(5)3.21%
Volume226.50K
Volume Incr-26.27%
Vol(5)152.96K
Vol(50)237.00K
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