ISHARES 0-5 YR HY CORP BOND (SHYG) Stock Technical Analysis
NYSEARCA:SHYG • US46434V4077
Overall SHYG gets a technical rating of 0 out of 10. 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.
- 68% 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 1845850 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 42.68 and 43.14.
SHYG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 42.71, a Stop Loss order could be placed below this zone.
More info and screens
40.40
When analyzing the support we notice one important area.
- A support zone ranging from 40.81 to 42.71. 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 42.84 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 | 32.92 | 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) | 40.17 | NEUTRAL | The RSI value for SHYG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHYG has a negative trend. |
| Stochastics (14,3) | 62.59 | NEUTRAL | The Stochastics value for SHYG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for SHYG suggests low volalility. |
| Average Directional Index/ADX (14) | 17.63 | NEGATIVE | The low ADX value for SHYG suggests a weak or negative trend. |
42.79
-0.04 (-0.09%)
ISHARES 0-5 YR HY CORP BOND / SHYG FAQ
What is the technical rating for SHYG stock?
ChartMill assigns a technical rating of 0 / 10 to SHYG.
Can you provide the trend direction for ISHARES 0-5 YR HY CORP BOND?
The current trend direction for ISHARES 0-5 YR HY CORP BOND (SHYG) is Bearish.
What is the RSI signal for ISHARES 0-5 YR HY CORP BOND (SHYG) stock?
ISHARES 0-5 YR HY CORP BOND (SHYG) has an RSI value of 40.1699. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ISHARES 0-5 YR HY CORP BOND?
ISHARES 0-5 YR HY CORP BOND (SHYG) has a support level at 42.71 and a resistance level at 42.84. Check the full technical report for our detailed analysis of SHYG support and resistance levels.