WESTERN ASSET HI INC OPPORT (HIO) Stock Technical Analysis
NYSE:HIO • US95766K1097
We assign a technical rating of 4 out of 10 to HIO. Recently some decent action could be observed, but in the medium term time frame this is still negative. HIO was also a bad performer in the overall market in the last year.
- 70% of all other stocks performed better in the past year than HIO.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- HIO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HIO is lagging the market.
- In the last month HIO has a been trading in a tight range between 3.70 and 3.81.
HIO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.78, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
3.50
2 important support areas can be observed.
- A support zone ranging from 3.71 to 3.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.54 to 3.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.87 to 3.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 3.98 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 | NEUTRAL | NEUTRAL | The long term trend for HIO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HIO is up. |
| ChartMill Relative Strength | 30.45 | 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) | UP | POSITIVE | The current price of HIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HIO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.21 | NEUTRAL | The RSI value for HIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HIO has a positive trend. |
| Stochastics (14,3) | 95.83 | OVERBOUGHT | The high Stochastics value suggests HIO may be overbought. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for HIO suggests low volalility. |
| Average Directional Index/ADX (14) | 17.52 | NEGATIVE | The low ADX value for HIO suggests a weak or negative trend. |
3.81
+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 4 / 10 to HIO.
What is the trend direction for 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 62.2088. This indicates that the stock is currently neutral.
What is the MACD signal for WESTERN ASSET HI INC OPPORT (HIO) stock?
The MACD indicator for WESTERN ASSET HI INC OPPORT (HIO) has a value of 0.00596599, indicating a bearish trend.
What is the short term momentum for HIO stock?
The short term momentum for WESTERN ASSET HI INC OPPORT (HIO) is positive.