WESTERN ASSET HI INC OPPORT (HIO)

US95766K1097

3.97  +0.01 (+0.25%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to HIO. Although HIO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
HIO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HIO is lagging the market slightly.
When comparing the performance of all stocks over the past year, HIO turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
In the last month HIO has a been trading in a tight range between 3.89 and 3.99.
Weekly and Daily overview Charts
HIO Weekly chart
HIO Daily chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, HIO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

3.49

4.03

We found 3 important support areas.

  • A support zone ranging from 3.76 to 3.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @3.62 from a horizontal line in the weekly time frame.
  • A support zone ranging from 3.53 to 3.53. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 3.97 to 3.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.82
Mansfield-0.88
10 Day High3.99
10 Day Low3.89
20 Day High3.99
20 Day Low3.89
52 Week High4.1
52 Week Low3.52
Performance
1 Week-0.25%
2 Weeks0.76%
1 Month1.8%
3 Month5.04%
6 Month5.88%
12 Month-0.5%
2 Year-14.66%
3 Year-19.51%
5 Year-18.52%
10 Year-34.65%
15 Year-2.46%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)54.39
LBB3.92
UBB4
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
4.003.880.12 (3.00%)25.00%
An entry @4.00. This is a Buy Stop order right above the resistance zone.An exit @3.88. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.12 points, which is 3.00%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HIO Daily chart

WESTERN ASSET HI INC OPPORT

NYSE:HIO (2/20/2024, 9:42:55 AM)

3.97

+0.01 (+0.25%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.25%
1 Week-0.25%
2 Weeks0.76%
1 Month1.8%
3 Month5.04%
6 Month5.88%
12 Month-0.5%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.03
ATR(20)%0.93%
ATR Inc
Range Today0.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.99
10 Day Low3.89
20 Day High3.99
20 Day Low3.89
52 Week High4.1
52 Week Low3.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume52.10K
Volume Incr-0.64%
Vol(5)288.24K
Vol(50)316.92K