Taking everything into account, HYD scores 5 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HYD is a bad performer.
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. There is a resistance zone just above the current price starting at 50.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.95, 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.
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48.35
2 important support areas can be observed.
- A support zone ranging from 50.40 to 50.95. 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 49.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 50.98 to 53.08. This zone is formed by a combination of multiple trend lines and important moving averages 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 HYD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HYD is neutral. |
| ChartMill Relative Strength | 37.82 | NEUTRAL | HYD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HYD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HYD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HYD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.12 | NEUTRAL | The RSI value for HYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HYD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.79 | NEUTRAL | The Stochastics value for HYD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for HYD suggests low volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for HYD suggests a weak or negative trend. |
50.97
-0.02 (-0.04%)
VANECK HIGH YIELD MUNI ETF / HYD FAQ
What is the ChartMill technical rating of VANECK HIGH YIELD MUNI ETF (HYD) stock?
ChartMill assigns a technical rating of 5 / 10 to HYD.
What is the current trend direction of VANECK HIGH YIELD MUNI ETF (HYD) stock?
The current trend direction for VANECK HIGH YIELD MUNI ETF (HYD) is Bullish.
Can you provide the RSI signal for VANECK HIGH YIELD MUNI ETF?
VANECK HIGH YIELD MUNI ETF (HYD) has an RSI value of 51.1237. This indicates that the stock is currently neutral.
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 50.95 and a resistance level at 50.98. Check the full technical report for our detailed analysis of HYD support and resistance levels.