IQ S&P High Yield Low Volatility Bond ETF (HYLV) Stock Technical Analysis
USA - NYSEARCA:HYLV - US45409B4124 - ETF
We assign a technical rating of 7 out of 10 to HYLV. 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.
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
When analyzing the support we can see 3 important 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.
3 important resistance areas can be observed.
- 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. |
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 trade has a worst case loss of 0.12 points, which is 0.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- 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%)
IQ S&P High Yield Low Volatility Bond ETF / HYLV FAQ
Can you provide the ChartMill technical rating for IQ S&P High Yield Low Volatility Bond ETF?
ChartMill assigns a technical rating of 7 / 10 to HYLV.
Can you provide the trend direction for IQ S&P High Yield Low Volatility Bond ETF?
The current trend direction for IQ S&P High Yield Low Volatility Bond ETF (HYLV) is Bullish.
Can you provide the RSI signal for IQ S&P High Yield Low Volatility Bond ETF?
IQ S&P High Yield Low Volatility Bond ETF (HYLV) has an RSI value of 55.9166. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IQ S&P High Yield Low Volatility Bond ETF?
The MACD indicator for IQ S&P High Yield Low Volatility Bond ETF (HYLV) has a value of -0.0103276, indicating a bearish trend.
Can you provide the short term momentum for IQ S&P High Yield Low Volatility Bond ETF?
The short term momentum for IQ S&P High Yield Low Volatility Bond ETF (HYLV) is positive.