PIMCO 0-5 YEAR H/Y CORP BOND (HYS) Stock Technical Analysis
USA - NYSEARCA:HYS - US72201R7834 - ETF
Overall HYS gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HYS is a bad performer.
Although the technical rating is only medium, HYS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 95.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 95.47, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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87.55
When analyzing the support we notice one important area.
- A support zone ranging from 88.43 to 95.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 95.49 to 96.20. 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 HYS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HYS is up. |
| ChartMill Relative Strength | 38.74 | NEUTRAL | HYS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HYS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HYS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.08 | NEUTRAL | The RSI value for HYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HYS has a positive trend. |
| Stochastics (14,3) | 83.9 | OVERBOUGHT | The high Stochastics value suggests HYS may be overbought. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for HYS suggests low volalility. |
| Average Directional Index/ADX (14) | 16.58 | NEGATIVE | The low ADX value for HYS 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 |
|---|---|---|---|
| 95.62 | 94.51 | 1.11 (1.16%) | 25.00% |
| An entry @95.62. This is a Buy Stop order right above the 10 day high. | An exit @94.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.11 points, which is 1.16%. | For a 0.29% 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.
95.48
-0.09 (-0.09%)