ISHARES 0-5 YR HY CORP BOND (SHYG) Stock Technical Analysis
USA - NYSEARCA:SHYG - US46434V4077 - ETF
42.66 USD
-0.2 (-0.47%)
42.46 USD
-0.2 (-0.47%)
We assign a technical rating of 0 out of 10 to SHYG. SHYG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
62% of all other stocks performed better in the past year than SHYG.
SHYG 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 SHYG is lagging the market slightly.
SHYG has an average volume of 1442830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
In the last month SHYG has a been trading in a tight range between 42.65 and 43.39.
The technical rating of SHYG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.40
43.86
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.07 to 42.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 40.81 to 41.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.85 to 43.43. 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 | NEUTRAL | NEUTRAL | The long term trend for SHYG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHYG is down. |
| ChartMill Relative Strength | 38.99 | NEUTRAL | SHYG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHYG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHYG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SHYG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 26.12 | OVERSOLD | The low RSI value suggests SHYG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SHYG has a negative trend. |
| Stochastics (14,3) | 4.16 | OVERSOLD | The low Stochastics value suggests SHYG may be oversold. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for SHYG suggests low volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for SHYG suggests a possible start of a new trend. |
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)
42.66
-0.2 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.47%
1 Week-0.97%
2 Weeks-1.36%
1 Month-1.3%
3 Month-0.33%
6 Month3.22%
12 Month-0.93%
2 Year5.26%
3 Year4.43%
5 Year-2.82%
10 Year-8.57%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.24%
ATR Inc162.06%
Range Today0.26
ADR(20)0.08
ADR(20)%0.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.99
Mansfield-0.86
10 Day High43.35
10 Day Low42.65
20 Day High43.39
20 Day Low42.65
52 Week High43.39
52 Week Low40.38
CS1 End42.47
CR1 Start42.85
Volume & EV
DER(3)-3.54%
DER(5)-3.82%
Volume1.94M
Volume Incr-3.89%
Vol(5)1.27M
Vol(50)1.44M