IHY Technical Analysis - VANECK INT HIGH YIELD BOND

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to IHY. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IHY is only an average performer.

IHY is part of the Automobile Components industry. There are 81 other stocks in this industry, of which 63% are performing better than IHY.

Warning: IHY has an average volume of 14318 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.

IHY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

When compared to the yearly performance of all other stocks, IHY outperforms 44% of them, which is more or less in line with the market.

In the last month IHY has a been trading in a tight range between 21.90 and 22.43.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK INT HIGH YIELD BOND / IHY Weekly stock chart

VANECK INT HIGH YIELD BOND / IHY Daily stock chart

Setup Rating and Analysis

IHY has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.03

22.63

When analyzing the support we can see 3 important areas.

A support zone ranging from 21.82 to 22.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 21.06 to 21.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 20.23 to 20.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 22.25 to 22.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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 IHY is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IHY is up.
ChartMill Relative Strength	44.5	NEUTRAL	IHY is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IHY is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IHY is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IHY is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.78	NEUTRAL	The RSI value for IHY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests IHY has a positive trend, although the MACD value is declining.
Stochastics (14,3)	71.7	NEUTRAL	The Stochastics value for IHY is a neutral value.
Average True Range in percent/ATR (20)	0.59	LOW VOLATILITY	The low ATR as a percentage value for IHY suggests low volalility.
Average Directional Index/ADX (14)	39.76	POSITIVE	The high ADX value value for IHY suggests a strong trend.