High Yield ETF (HYLD) Stock Technical Analysis
NYSEARCA:HYLD - NYSE Arca - US30151E8140 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to HYLD. HYLD 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.
When comparing the yearly performance of all stocks, HYLD is a bad performer in the overall market: 64% of all stocks are doing better.
HYLD 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.
Warning: HYLD has an average volume of 27846 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month HYLD has a been trading in a tight range between 25.25 and 25.76.
Considerably lower volume is observed in the last couple of days.
HYLD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.36, a Stop Loss order could be placed below this zone.
More info and screens
25.04
28.27
When analyzing the support we notice one important area.
- A support zone ranging from 25.29 to 25.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 25.52 to 26.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.29 to 27.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.99 from a horizontal line in the weekly time frame.
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 HYLD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HYLD is down. |
| ChartMill Relative Strength | 36.33 | NEUTRAL | HYLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HYLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HYLD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HYLD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.13 | NEUTRAL | The RSI value for HYLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HYLD has a negative trend. |
| Stochastics (14,3) | 48.23 | NEUTRAL | The Stochastics value for HYLD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for HYLD suggests low volalility. |
| Average Directional Index/ADX (14) | 31.4 | POSITIVE | The high ADX value value for HYLD suggests a strong 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)
NYSEARCA:HYLD (8/25/2023, 8:06:27 PM)
25.49
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week-0.12%
2 Weeks-0.35%
1 Month-0.78%
3 Month0.04%
6 Month-3.88%
12 Month-8.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%0.72%
ATR Inc-4.74%
Range Today0.25
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.33
Mansfield-1.04
10 Day High25.64
10 Day Low25.27
20 Day High25.76
20 Day Low25.25
52 Week High27.73
52 Week Low25.13
CS1 End25.36
CR1 Start25.52
Volume & EV
DER(3)0.49%
DER(5)0.05%
Volume43.20K
Volume Incr-66.24%
Vol(5)13.60K
Vol(50)27.85K