ISHARES IBOXX HIGH YLD CORP (HYG) Stock Technical Analysis
NYSEARCA:HYG - NYSE Arca - US4642885135 - ETF - Currency: USD
Overall HYG gets a technical rating of 7 out of 10. Although HYG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
HYG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
HYG has an average volume of 32916300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, HYG outperforms 46% of them, which is more or less in line with the market.
In the last month HYG has a been trading in a tight range between 79.75 and 80.58.
Besides having an excellent technical rating, HYG also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 80.26, a Stop Loss order could be placed below this zone.
More info and screens
74.99
81.46
2 important support areas can be observed.
- A support zone ranging from 79.80 to 80.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.75 to 78.09. 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 80.36 to 80.65. 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 HYG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HYG is up. |
| ChartMill Relative Strength | 46.27 | NEUTRAL | HYG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HYG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HYG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HYG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.86 | NEUTRAL | The RSI value for HYG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HYG has a negative trend. |
| Stochastics (14,3) | 81.53 | OVERBOUGHT | The high Stochastics value suggests HYG may be overbought. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for HYG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.03 | NEGATIVE | The low ADX value for HYG suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.41 | 79.99 | 0.42 (0.52%) | 25.00% |
| An entry @80.41. This is a Buy Stop order right above the 10 day moving average. | An exit @79.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.42 points, which is 0.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
80.33
-0.17 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.21%
1 Week-0.26%
2 Weeks0.34%
1 Month0.2%
3 Month2.28%
6 Month0.77%
12 Month3.38%
2 Year6.4%
3 Year2.74%
5 Year-5.93%
10 Year-8.68%
15 Year-9.35%
Volatility
ATR(14)0.18
ATR(20)%0.23%
ATR Inc1.41%
Range Today0.27
ADR(20)0.17
ADR(20)%0.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.27
Mansfield-0.71
10 Day High80.58
10 Day Low80
20 Day High80.58
20 Day Low79.75
52 Week High80.67
52 Week Low75.08
CS1 End80.26
CR1 Start80.36
Volume & EV
DER(3)1.05%
DER(5)-2.99%
Volume38.39M
Volume Incr-13.62%
Vol(5)27.80M
Vol(50)32.92M