We assign a technical rating of 5 out of 10 to HYG. HYG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
HYG has an average technical rating and the quality of the presented setup is also not ideal 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.
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74.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 78.30 to 80.81. 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 76.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 81.03 to 81.32. 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 | 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 | 49.19 | NEUTRAL | HYG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HYG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HYG is above a declining 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) | 60.75 | NEUTRAL | The RSI value for HYG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests HYG has a positive trend. |
| Stochastics (14,3) | 91.58 | OVERBOUGHT | The high Stochastics value suggests HYG may be overbought. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for HYG suggests low volalility. |
| Average Directional Index/ADX (14) | 20.23 | NEUTRAL | The ADX value for HYG suggests a possible start of a new trend. |
80.99
+0.04 (+0.05%)
ISHARES IBOXX HIGH YLD CORP / HYG FAQ
What is the technical rating for HYG stock?
ChartMill assigns a technical rating of 5 / 10 to HYG.
What is the current trend direction of ISHARES IBOXX HIGH YLD CORP (HYG) stock?
The current trend direction for ISHARES IBOXX HIGH YLD CORP (HYG) is Bullish.
Can you provide the RSI signal for ISHARES IBOXX HIGH YLD CORP?
ISHARES IBOXX HIGH YLD CORP (HYG) has an RSI value of 60.748. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES IBOXX HIGH YLD CORP (HYG) stock?
The MACD indicator for ISHARES IBOXX HIGH YLD CORP (HYG) has a value of 0.0807044, indicating a bearish trend.
Can you provide the support and resistance levels for ISHARES IBOXX HIGH YLD CORP?
ISHARES IBOXX HIGH YLD CORP (HYG) has a support level at 80.81 and a resistance level at 81.03. Check the full technical report for our detailed analysis of HYG support and resistance levels.