SPDR Barclays Intl Hi Yld Bd ETF (IJNK) Stock Technical Analysis
NYSEARCA:IJNK - NYSE Arca -
We assign a technical rating of 7 out of 10 to IJNK. Although IJNK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: IJNK has an average volume of 2036 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.
When compared to the yearly performance of all other stocks, IJNK outperforms 59% of them, which is more or less in line with the market.
IJNK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IJNK is lagging the market.
In the last month IJNK has a been trading in a tight range between 22.88 and 23.79.
Considerably lower volume is observed in the last couple of days.
IJNK 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.
More info and screens
22.80
24.03
We found 1 important support area.
- A support zone ranging from 23.03 to 23.47. 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 23.79 to 23.79. 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 IJNK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IJNK is up. |
| ChartMill Relative Strength | 59.96 | NEUTRAL | IJNK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IJNK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IJNK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IJNK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.09 | NEUTRAL | The RSI value for IJNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IJNK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.13 | NEUTRAL | The Stochastics value for IJNK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for IJNK suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 23.80 | 23.22 | 0.58 (2.44%) | 25.00% |
| An entry @23.80. This is a Buy Stop order right above the resistance zone. | An exit @23.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.58 points, which is 2.44%. | For a 0.61% 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.
SPDR Barclays Intl Hi Yld Bd ETF
NYSEARCA:IJNK (8/24/2016, 8:17:50 PM)
23.53
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week0.68%
2 Weeks1.73%
1 Month1.99%
3 Month3.84%
6 Month13.56%
12 Month5.04%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.71%
ATR Inc-85.48%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.96
Mansfield-0.05
10 Day High23.79
10 Day Low23.23
20 Day High23.79
20 Day Low22.88
52 Week High26.42
52 Week Low20.3
CS1 End23.47
CR1 Start23.79
Volume & EV
DER(3)0%
DER(5)0%
Volume600
Volume Incr-37.19%
Vol(5)760
Vol(50)2.04K