FIRST TR STRATEGIC HIGH INC FD (FHY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FHY -
Overall FHY gets a technical rating of 0 out of 10. FHY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, FHY is a bad performer in the overall market: 77% of all stocks are doing better.
- FHY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Warning: FHY has an average volume of 19056 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month FHY has a been trading in a tight range between 11.83 and 11.99.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, FHY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 11.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FHY 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.
More info and screens
11.71
When analyzing the support we notice one important area.
- A support zone ranging from 11.83 to 11.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.90 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.41 to 12.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.80 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for FHY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FHY is down. |
| ChartMill Relative Strength | 23.88 | NEGATIVE | FHY has a low relative strength, it was outperformed by 76.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FHY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FHY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FHY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.8 | NEUTRAL | The RSI value for FHY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FHY has a positive trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for FHY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for FHY suggests low volalility. |
FIRST TR STRATEGIC HIGH INC FD
NYSE:FHY (6/22/2018, 8:25:25 PM)
11.9
0 (0%)
FIRST TR STRATEGIC HIGH INC FD / FHY FAQ
What is the technical rating for FHY stock?
ChartMill assigns a technical rating of 0 / 10 to FHY.
What is the trend direction for FHY stock?
The current trend direction for FIRST TR STRATEGIC HIGH INC FD (FHY) is Bearish.
What is the RSI signal for FIRST TR STRATEGIC HIGH INC FD (FHY) stock?
FIRST TR STRATEGIC HIGH INC FD (FHY) has an RSI value of 45.8047. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST TR STRATEGIC HIGH INC FD (FHY) stock?
The short term momentum for FIRST TR STRATEGIC HIGH INC FD (FHY) is negative.
What is the buy/sell signal for FIRST TR STRATEGIC HIGH INC FD (FHY) stock?
The buy/sell signal for FIRST TR STRATEGIC HIGH INC FD (FHY) is sell as both the short term and long term trends are negative.