BLACKROCK CORP HI YLD (HYT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HYT - US09255P1075
Overall HYT gets a technical rating of 0 out of 10. HYT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 76% of all other stocks performed better in the past year than HYT.
- HYT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- HYT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HYT is lagging the market.
- In the last month HYT has a been trading in a tight range between 8.76 and 9.09.
HYT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 8.80, a Stop Loss order could be placed below this zone.
More info and screens
8.58
We found 1 important support area.
- A support zone ranging from 8.67 to 8.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 9.11 to 9.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.60 to 9.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 9.79 to 9.85. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 10.09 to 10.12. 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 | DOWN | NEGATIVE | The long term trend for HYT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HYT is down. |
| ChartMill Relative Strength | 24.35 | NEGATIVE | HYT has a low relative strength, it was outperformed by 75.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HYT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HYT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HYT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.11 | NEUTRAL | The RSI value for HYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HYT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.96 | NEUTRAL | The Stochastics value for HYT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for HYT suggests low volalility. |
| Average Directional Index/ADX (14) | 41.73 | POSITIVE | The high ADX value value for HYT suggests a strong trend. |
8.83
-0.06 (-0.67%)
BLACKROCK CORP HI YLD / HYT FAQ
What is the technical rating for HYT stock?
ChartMill assigns a technical rating of 0 / 10 to HYT.
What is the trend direction for HYT stock?
The current trend direction for BLACKROCK CORP HI YLD (HYT) is Bearish.
Can you provide the RSI signal for BLACKROCK CORP HI YLD?
BLACKROCK CORP HI YLD (HYT) has an RSI value of 36.1077. This indicates that the stock is currently neutral.
What is the MACD signal for HYT stock?
The MACD indicator for BLACKROCK CORP HI YLD (HYT) has a value of 0.0168983, indicating a bearish trend.
What is the buy/sell signal for BLACKROCK CORP HI YLD (HYT) stock?
The buy/sell signal for BLACKROCK CORP HI YLD (HYT) is sell as both the short term and long term trends are negative.