WESTERN ASSET GLOBAL HIGH IN (EHI) Stock Technical Analysis
NYSE:EHI - New York Stock Exchange, Inc. - US95766B1098 - Currency: USD
We assign a technical rating of 4 out of 10 to EHI. In the past year, EHI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
76% of all other stocks performed better in the past year than EHI.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EHI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EHI is lagging the market.
In the last month EHI has a been trading in a tight range between 6.37 and 6.58.
EHI has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.02
7.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.36 to 6.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.08 to 6.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.77 to 6.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @6.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.26 to 7.26. 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 EHI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EHI is up. |
| ChartMill Relative Strength | 24.2 | NEGATIVE | EHI has a low relative strength, it was outperformed by 75.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EHI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EHI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EHI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.93 | NEUTRAL | The RSI value for EHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EHI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.49 | OVERBOUGHT | The high Stochastics value suggests EHI may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for EHI suggests low volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for EHI 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)
6.54
-0.02 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.3%
1 Week0.46%
2 Weeks1.55%
1 Month1.55%
3 Month5.31%
6 Month-1.65%
12 Month-7.76%
2 Year-10.53%
3 Year-13.26%
5 Year-32.72%
10 Year-34.34%
15 Year-45.41%
Volatility
ATR(14)0.05
ATR(20)%0.78%
ATR Inc42.79%
Range Today0.06
ADR(20)0.05
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.2
Mansfield-1.05
10 Day High6.58
10 Day Low6.38
20 Day High6.58
20 Day Low6.37
52 Week High7.35
52 Week Low6.11
CS1 End6.47
CR1 Start6.66
Volume & EV
DER(3)-4.32%
DER(5)-5.36%
Volume34.55K
Volume Incr13.73%
Vol(5)87.49K
Vol(50)76.97K