SHYD Technical Analysis - VANECK SH HI YLD MUNI

Technical Rating and Analysis

Overall SHYD gets a technical rating of 4 out of 10. In the last year, SHYD was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When compared to the yearly performance of all other stocks, SHYD outperforms 47% of them, which is more or less in line with the market.

SHYD is part of the Automobile Components industry. There are 81 other stocks in this industry, SHYD did better than 41% of them.

SHYD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHYD is lagging the market.

In the last month SHYD has a been trading in a tight range between 22.69 and 23.05.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK SH HI YLD MUNI / SHYD Weekly stock chart

VANECK SH HI YLD MUNI / SHYD Daily stock chart

Setup Rating and Analysis

SHYD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.78, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.62

23.24

When analyzing the support we notice one important area.

A support zone ranging from 21.84 to 22.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 22.83 to 23.01. 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 SHYD is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SHYD is down.
ChartMill Relative Strength	47.66	NEUTRAL	SHYD is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SHYD is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SHYD is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SHYD is above the rising SMA(200).
Relative Strength Index/RSI (14)	44.37	NEUTRAL	The RSI value for SHYD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests SHYD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	29.8	NEUTRAL	The Stochastics value for SHYD is a neutral value.
Average True Range in percent/ATR (20)	0.4	LOW VOLATILITY	The low ATR as a percentage value for SHYD suggests low volalility.
Average Directional Index/ADX (14)	27.05	POSITIVE	The high ADX value value for SHYD suggests a strong trend.