IQ S&P High Yield Low Volatility Bond ETF (HYLV) Stock Technical Analysis
NYSEARCA:HYLV - NYSE Arca - US45409B4124 - ETF - Currency: USD
Taking everything into account, HYLV scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HYLV is only an average performer.
Warning: HYLV has an average volume of 5134 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, HYLV turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
HYLV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HYLV is lagging the market.
In the last month HYLV has a been trading in a tight range between 21.32 and 22.01.
HYLV has an excellent technical rating and 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 21.82, a Stop Loss order could be placed below this zone.
More info and screens
20.48
25.38
We found 3 important support areas.
- A support zone ranging from 21.69 to 21.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.16 to 21.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 20.69 to 20.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.90 to 22.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.58 from a horizontal line in the daily time frame.
- A resistance zone ranging from 25.13 to 25.13. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for HYLV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HYLV is up. |
| ChartMill Relative Strength | 53.12 | NEUTRAL | HYLV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HYLV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HYLV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HYLV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.92 | NEUTRAL | The RSI value for HYLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HYLV has a negative trend. |
| Stochastics (14,3) | 42.21 | NEUTRAL | The Stochastics value for HYLV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.39 | LOW VOLATILITY | The low ATR as a percentage value for HYLV suggests low volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for HYLV 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 |
|---|---|---|---|
| 21.91 | 21.79 | 0.12 (0.54%) | 25.00% |
| An entry @21.91. This is a Buy Stop order right above the 10 day moving average. | An exit @21.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.12 points, which is 0.54%. | For a 0.14% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
IQ S&P High Yield Low Volatility Bond ETF
NYSEARCA:HYLV (1/31/2023, 8:04:00 PM)
21.8846
+0.06 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.3%
1 Week-0.16%
2 Weeks-0.25%
1 Month3.03%
3 Month4.24%
6 Month-2.39%
12 Month-8.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.39%
ATR Inc17.35%
Range Today0.07
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
CRS53.12
Mansfield-0.18
10 Day High22.01
10 Day Low21.8
20 Day High22.01
20 Day Low21.32
52 Week High24
52 Week Low20.7
CS1 End21.82
CR1 Start21.9
Volume & EV
DER(3)0%
DER(5)-0.75%
Volume5.50K
Volume Incr176.8%
Vol(5)6.74K
Vol(50)5.13K