High Yield Ex Oil and Gas Corp Bond Ishares Ibox (HYXE) Stock Technical Analysis
USA - NASDAQ:HYXE -
We assign a technical rating of 6 out of 10 to HYXE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HYXE is only an average performer.
HYXE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 51.16, a Stop Loss order could be placed below this zone.
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47.41
When analyzing the support we can see 3 important areas.
- A support zone ranging from 50.52 to 51.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.65 from a horizontal line in the daily time frame.
- Support @47.89 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.26 to 52.88. This zone is formed by a combination of multiple trend lines and important moving averages 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 HYXE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HYXE is neutral. |
| ChartMill Relative Strength | 53.3 | NEUTRAL | HYXE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HYXE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HYXE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HYXE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.53 | NEUTRAL | The RSI value for HYXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests HYXE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.94 | NEUTRAL | The Stochastics value for HYXE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.54 | LOW VOLATILITY | The low ATR as a percentage value for HYXE suggests low volalility. |
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 |
|---|---|---|---|
| 51.27 | 50.79 | 0.48 (0.93%) | 25.00% |
| An entry @51.27. This is a Buy Stop order right above the 10 day moving average. | An exit @50.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.48 points, which is 0.93%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.23%. |
- 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.
High Yield Ex Oil and Gas Corp Bond Ishares Ibox
NASDAQ:HYXE (9/14/2020, 8:07:40 PM)
51.2251
-0.03 (-0.07%)
High Yield Ex Oil and Gas Corp Bond Ishares Ibox / HYXE FAQ
What is the technical rating for HYXE stock?
ChartMill assigns a technical rating of 6 / 10 to HYXE.
What is the trend direction for HYXE stock?
The current trend direction for High Yield Ex Oil and Gas Corp Bond Ishares Ibox (HYXE) is Bullish.
Can you provide the RSI signal for High Yield Ex Oil and Gas Corp Bond Ishares Ibox?
High Yield Ex Oil and Gas Corp Bond Ishares Ibox (HYXE) has an RSI value of 50.5304. This indicates that the stock is currently neutral.
Can you provide the MACD signal for High Yield Ex Oil and Gas Corp Bond Ishares Ibox?
The MACD indicator for High Yield Ex Oil and Gas Corp Bond Ishares Ibox (HYXE) has a value of -0.0465707, indicating a bearish trend.
What are the support and resistance levels for High Yield Ex Oil and Gas Corp Bond Ishares Ibox (HYXE) stock?
High Yield Ex Oil and Gas Corp Bond Ishares Ibox (HYXE) has a support level at 51.16 and a resistance level at 51.26. Check the full technical report for our detailed analysis of HYXE support and resistance levels.