HIGHLAND/IBOXX SENIOR LOAN E (SNLN) Stock Technical Analysis
NASDAQ:SNLN - Nasdaq - US4301017749 - ETF - Currency: USD
Taking everything into account, SNLN scores 4 out of 10 in our technical rating. In the past year, SNLN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
SNLN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.60, a Stop Loss order could be placed below this zone.
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14.27
When analyzing the support we notice one important area.
- A support zone ranging from 14.41 to 14.60. 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 14.62 to 15.20. 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 | DOWN | NEGATIVE | The long term trend for SNLN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNLN is neutral. |
| ChartMill Relative Strength | 46.31 | NEUTRAL | SNLN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNLN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SNLN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNLN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.69 | NEUTRAL | The RSI value for SNLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SNLN has a positive trend. |
| Stochastics (14,3) | 68.87 | NEUTRAL | The Stochastics value for SNLN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for SNLN suggests low volalility. |
| Average Directional Index/ADX (14) | 40.47 | POSITIVE | The high ADX value value for SNLN suggests a strong trend. |
NASDAQ:SNLN (9/15/2023, 8:07:52 PM)
14.62
+0.09 (+0.65%)