HIGHLAND/IBOXX SENIOR LOAN E (SNLN) Stock Technical Analysis
USA - NASDAQ:SNLN - US4301017749 - ETF
Taking everything into account, SNLN scores 4 out of 10 in our technical rating. SNLN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, SNLN does present a nice setup opportunity. 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.
More info and screens
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.
We found 1 important resistance 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%)
HIGHLAND/IBOXX SENIOR LOAN E / SNLN FAQ
Can you provide the ChartMill technical rating for HIGHLAND/IBOXX SENIOR LOAN E?
ChartMill assigns a technical rating of 4 / 10 to SNLN.
Can you provide the trend direction for HIGHLAND/IBOXX SENIOR LOAN E?
The current trend direction for HIGHLAND/IBOXX SENIOR LOAN E (SNLN) is Bearish.
What is the RSI signal for HIGHLAND/IBOXX SENIOR LOAN E (SNLN) stock?
HIGHLAND/IBOXX SENIOR LOAN E (SNLN) has an RSI value of 51.6931. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HIGHLAND/IBOXX SENIOR LOAN E?
The MACD indicator for HIGHLAND/IBOXX SENIOR LOAN E (SNLN) has a value of 0.000696786, indicating a bearish trend.
Can you provide the support and resistance levels for HIGHLAND/IBOXX SENIOR LOAN E?
HIGHLAND/IBOXX SENIOR LOAN E (SNLN) has a support level at 14.6 and a resistance level at 14.62. Check the full technical report for our detailed analysis of SNLN support and resistance levels.