WESTERN ASSET HI INC OPPORT (HIO) Stock Technical Analysis
NYSE:HIO - New York Stock Exchange, Inc. - US95766K1097 - Currency: USD
Overall HIO gets a technical rating of 4 out of 10. In the last year, HIO was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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 3.94 and 4.03.
HIO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.98. 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.
More info and screens
3.50
4.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.94 to 3.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.86 to 3.87. This zone is formed by a combination of multiple trend lines 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.98 to 4.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.13 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 | 47.32 | NEUTRAL | HIO is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of HIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HIO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.33 | NEUTRAL | The RSI value for HIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HIO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.63 | NEUTRAL | The Stochastics value for HIO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for HIO suggests low volalility. |
| Average Directional Index/ADX (14) | 14.83 | NEGATIVE | The low ADX value for HIO 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)
3.98
+0.01 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.25%
1 Week0.51%
2 Weeks0%
1 Month-0.75%
3 Month3.38%
6 Month0%
12 Month2.84%
2 Year3.65%
3 Year-0.25%
5 Year-21.03%
10 Year-16.03%
15 Year-34.97%
Volatility
ATR(14)0.03
ATR(20)%0.74%
ATR Inc-9.63%
Range Today0.02
ADR(20)0.03
ADR(20)%0.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.32
Mansfield-0.68
10 Day High4
10 Day Low3.94
20 Day High4.03
20 Day Low3.94
52 Week High4.15
52 Week Low3.36
CS1 End3.97
CR1 Start3.98
Volume & EV
DER(3)-11.19%
DER(5)-4.75%
Volume208.40K
Volume Incr-16.58%
Vol(5)224.32K
Vol(50)276.62K