VANECK HIGH YIELD MUNI ETF (HYD) Technical Analysis
NYSEARCA:HYD • US92189H4092
Current stock price
HYD Technical Rating and Analysis
Overall HYD gets a technical rating of 4 out of 10. In the last year, HYD was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 65% of all other stocks performed better in the past year than HYD.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- HYD 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 HYD is lagging the market slightly.
- In the last month HYD has a been trading in a tight range between 49.67 and 51.13.
HYD Weekly and Daily overview Charts
HYD Setup Rating and Analysis
Although the technical rating is only medium, HYD does present a nice setup opportunity. 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 51.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HYD 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
HYD Support and Resistance Analysis
48.35
When analyzing the support we can see 2 important areas.
- A support zone ranging from 50.49 to 50.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.84 to 49.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 51.17 to 51.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.05 from a horizontal line in the weekly time frame.
HYD Technical Indicator Signal Analysis
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 HYD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HYD is up. |
| ChartMill Relative Strength | 35.34 | NEUTRAL | HYD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HYD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HYD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HYD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.45 | NEUTRAL | The RSI value for HYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests HYD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.52 | OVERBOUGHT | The high Stochastics value suggests HYD may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for HYD suggests low volalility. |
| Average Directional Index/ADX (14) | 19.86 | NEGATIVE | The low ADX value for HYD suggests a weak or negative trend. |
HYD Chart- and CandleStick Pattern Analysis
HYD Technicals: Chart, Performance Metrics, Trend & Indicators
50.98
+0.09 (+0.18%)
VANECK HIGH YIELD MUNI ETF / HYD TA FAQ
What is the ChartMill technical rating of VANECK HIGH YIELD MUNI ETF (HYD) stock?
ChartMill assigns a technical rating of 4 / 10 to HYD.
Can you provide the trend direction for VANECK HIGH YIELD MUNI ETF?
The current trend direction for VANECK HIGH YIELD MUNI ETF (HYD) is Bearish.
What is the RSI signal for HYD stock?
VANECK HIGH YIELD MUNI ETF (HYD) has an RSI value of 57.4491. This indicates that the stock is currently neutral.
What is the short term momentum for VANECK HIGH YIELD MUNI ETF (HYD) stock?
The short term momentum for VANECK HIGH YIELD MUNI ETF (HYD) is positive.
What are the support and resistance levels for VANECK HIGH YIELD MUNI ETF (HYD) stock?
VANECK HIGH YIELD MUNI ETF (HYD) has a support level at 50.94 and a resistance level at 51.17. Check the full technical report for our detailed analysis of HYD support and resistance levels.