WESTERN ASSET HI INC OPPORT (HIO) Stock Technical Analysis
USA - NYSE:HIO - US95766K1097
Overall HIO gets a technical rating of 0 out of 10. HIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, HIO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
3.76
When analyzing the support we notice one important area.
- Support @3.80 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.80 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.00 to 4.04. 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 | DOWN | NEGATIVE | The long term trend for HIO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIO is down. |
| ChartMill Relative Strength | 28.97 | NEGATIVE | HIO has a low relative strength, it was outperformed by 71.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HIO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.61 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for HIO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for HIO suggests low volalility. |
| Average Directional Index/ADX (14) | 21.83 | NEUTRAL | The ADX value for HIO suggests a possible start of a new trend. |
3.8
-0.01 (-0.26%)
WESTERN ASSET HI INC OPPORT / HIO FAQ
What is the ChartMill technical rating of WESTERN ASSET HI INC OPPORT (HIO) stock?
ChartMill assigns a technical rating of 0 / 10 to HIO.
What is the current trend direction of WESTERN ASSET HI INC OPPORT (HIO) stock?
The current trend direction for WESTERN ASSET HI INC OPPORT (HIO) is Bearish.
What is the RSI signal for WESTERN ASSET HI INC OPPORT (HIO) stock?
WESTERN ASSET HI INC OPPORT (HIO) has an RSI value of 41.6055. This indicates that the stock is currently neutral.
What is the short term momentum for WESTERN ASSET HI INC OPPORT (HIO) stock?
The short term momentum for WESTERN ASSET HI INC OPPORT (HIO) is negative.
What is the support and resistance level for HIO stock?
WESTERN ASSET HI INC OPPORT (HIO) has a support level at 3.8 and a resistance level at 3.8. Check the full technical report for our detailed analysis of HIO support and resistance levels.