ISHARES HG Y M IN AC ETF-USD (SHYM) Stock Technical Analysis
NYSEARCA:SHYM - NYSE Arca - US0925281083 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to SHYM. SHYM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, SHYM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SHYM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
20.95
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.14 to 22.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.16 to 21.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.28 to 22.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.81 from a horizontal line in the daily time frame.
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 SHYM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHYM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SHYM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHYM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SHYM is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 51.96 | NEUTRAL | The RSI value for SHYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SHYM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.37 | NEUTRAL | The Stochastics value for SHYM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for SHYM suggests low volalility. |
| Average Directional Index/ADX (14) | 12.77 | NEGATIVE | The low ADX value for SHYM suggests a weak or negative trend. |
NYSEARCA:SHYM (6/12/2025, 8:04:01 PM)
22.24
+0.06 (+0.27%)