WESTERN ASSET HI INC OPPORT (HIO) Stock Technical Analysis
USA - NYSE:HIO - US95766K1097
Taking everything into account, HIO scores 4 out of 10 in our technical rating. HIO was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
Although the technical rating is only medium, HIO 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 4.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HIO 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.
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3.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.89 to 3.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.82 from a horizontal line in the daily time frame.
- A support zone ranging from 3.54 to 3.59. 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 4.00 to 4.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.13 to 4.14. 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 | UP | POSITIVE | The long term trend for HIO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HIO is neutral. |
| ChartMill Relative Strength | 32.61 | NEUTRAL | HIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HIO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.72 | NEUTRAL | The RSI value for HIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HIO has a positive trend. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for HIO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.66 | LOW VOLATILITY | The low ATR as a percentage value for HIO suggests low volalility. |
| Average Directional Index/ADX (14) | 23.6 | NEUTRAL | The ADX value for HIO suggests a possible start of a new trend. |
NYSE:HIO (9/12/2025, 8:04:00 PM)
3.97
+0.02 (+0.51%)