IHY Technical Analysis - VANECK INT HIGH YIELD BOND

Technical Rating and Analysis

Overall IHY gets a technical rating of 5 out of 10. IHY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

Warning: IHY has an average volume of 16726 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

IHY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IHY is lagging the market slightly.

When comparing the performance of all stocks over the past year, IHY turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.

IHY is part of the Automobile Components industry. There are 81 other stocks in this industry, IHY did better than 42% of them.

In the last month IHY has a been trading in a tight range between 21.77 and 22.36.

Volume is considerably higher in the last couple of days.

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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 average technical rating and the quality of the presented setup is also not ideal 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

20.02

22.55

We found 3 important support areas.

A support zone ranging from 21.82 to 22.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @21.17 from a horizontal line in the daily time frame.
A support zone ranging from 20.22 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 22.04 to 22.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	NEUTRAL	NEUTRAL	The short term trend for IHY is neutral.
ChartMill Relative Strength	50.43	NEUTRAL	IHY is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of IHY is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of IHY is below 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)	49.24	NEUTRAL	The RSI value for IHY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests IHY has a negative trend, although the MACD value is rising.
Stochastics (14,3)	36.83	NEUTRAL	The Stochastics value for IHY is a neutral value.
Average True Range in percent/ATR (20)	0.46	LOW VOLATILITY	The low ATR as a percentage value for IHY suggests low volalility.
Average Directional Index/ADX (14)	21.55	NEUTRAL	The ADX value for IHY suggests a possible start of a new trend.