WESTERN ASSET HIGH INC II (HIX)

US95766J1025

4.41  +0.01 (+0.23%)

Technical Rating and Analysis

4

Taking everything into account, HIX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. HIX was also a bad performer in the overall market in the last year.

72% of all other stocks performed better in the past year than HIX.
HIX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HIX is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month HIX has a been trading in a tight range between 4.33 and 4.44.
Weekly and Daily overview Charts
HIX Weekly chart
HIX Daily chart
Setup Rating and Analysis

9

HIX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HIX 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.
Support and Resistance Analysis

4.13

5.12

We found 2 important support areas.

  • A support zone ranging from 4.37 to 4.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 4.17 to 4.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 4.41 to 4.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Strong resistance @4.56 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 5.00 to 5.07. 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
CRS28.3
Mansfield-1.03
10 Day High4.42
10 Day Low4.33
20 Day High4.44
20 Day Low4.33
52 Week High5.06
52 Week Low4.16
Performance
1 Week0.68%
2 Weeks0.23%
1 Month1.15%
3 Month-0.68%
6 Month-1.56%
12 Month-9.45%
2 Year1.15%
3 Year-38.41%
5 Year-34.96%
10 Year-50.84%
15 Year-49.89%
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)0.01
RSI(14)55.52
LBB4.34
UBB4.43
HIX Daily chart

WESTERN ASSET HIGH INC II

NYSE:HIX (9/6/2024, 8:19:16 PM)

4.41

+0.01 (+0.23%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.23%
1 Week0.68%
2 Weeks0.23%
1 Month1.15%
3 Month-0.68%
6 Month-1.56%
12 Month-9.45%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.03
ATR(20)%0.83%
ATR Inc
Range Today0.03
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 High4.42
10 Day Low4.33
20 Day High4.44
20 Day Low4.33
52 Week High5.06
52 Week Low4.16
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume360.60K
Volume Incr-8.96%
Vol(5)434.96K
Vol(50)542.66K