VANECK HIGH YIELD MUNI ETF (HYD) Stock Technical Analysis
NYSEARCA:HYD - NYSE Arca - US92189H4092 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to HYD. HYD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
79% of all other stocks performed better in the past year than HYD.
HYD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month HYD has a been trading in a tight range between 48.85 and 50.22.
Volume is considerably higher in the last couple of days.
The technical rating of HYD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
47.41
53.61
We found 2 important support areas.
- A support zone ranging from 48.84 to 48.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.89 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 49.08 to 49.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.09 to 51.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 53.05 to 53.08. 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 | DOWN | NEGATIVE | The long term trend for HYD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HYD is down. |
| ChartMill Relative Strength | 21.48 | NEGATIVE | HYD has a low relative strength, it was outperformed by 78.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HYD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HYD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HYD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.47 | OVERSOLD | The low RSI value suggests HYD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests HYD has a negative trend. |
| Stochastics (14,3) | 4.17 | OVERSOLD | The low Stochastics value suggests HYD may be oversold. |
| Average True Range in percent/ATR (20) | 0.39 | LOW VOLATILITY | The low ATR as a percentage value for HYD suggests low volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for HYD suggests a possible start of a new 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)
48.85
-0.09 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.18%
1 Week-1.63%
2 Weeks-2.61%
1 Month-2%
3 Month-2.14%
6 Month-5.49%
12 Month-6.42%
2 Year-4.63%
3 Year-11.4%
5 Year-19.27%
10 Year-59.68%
15 Year-60.54%
Volatility
ATR(14)0.21
ATR(20)%0.39%
ATR Inc25.3%
Range Today0.12
ADR(20)0.18
ADR(20)%0.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.48
Mansfield-1.26
10 Day High50.13
10 Day Low48.85
20 Day High50.22
20 Day Low48.85
52 Week High53.1
52 Week Low47.78
CS1 End48.84
CR1 Start49.08
Volume & EV
DER(3)-5.15%
DER(5)-4.72%
Volume825.90K
Volume Incr103.81%
Vol(5)1.44M
Vol(50)906.67K