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ISHARES IBOXX HIGH YIELD
HYG
- USD (-)
- 15 min delayed data - NYSE MKT Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: ETF
Ticker: HYG
ISIN:

ISHARES IBOXX HIGH YIELD - Daily - Technical analysis published on 12/14/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
17%
61%
My opinion
Bullish above 78.29 USD
My targets
83.62 USD (+5.30%)
85.27 USD (+7.38%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ISHARES IBOXX HIGH YIELD. As long as you are above the support located at 78.29 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 83.62 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 85.27 USD as an objective. Crossing it would then enable buyers to target 89.68 USD. If the support 78.29 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

LJ93612
This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The ISHARES IBOXX HIGH YIELD rating is 79.41 USD. The price registered a decrease of -0.29% on the session and was traded between 79.38 USD and 79.71 USD over the period. The price is currently at +0.04% from its lowest and -0.38% from its highest.

79.38
79.71
79.41

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of ISHARES IBOXX HIGH YIELD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 11 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 75.25 76.78 78.29 79.41 79.60 83.62 85.27
Change (%) -5.24% -3.31% -1.41% - +0.24% +5.30% +7.38%
Change -4.16 -2.63 -1.12 - +0.19 +4.21 +5.86
Level Major Minor Major - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard78.9679.1779.2979.5079.6279.8379.95
Camarilla79.3279.3579.3879.4179.4479.4779.50
Woodie78.9279.1579.2579.4879.5879.8179.91
Fibonacci79.1779.3079.3779.5079.6379.7079.83


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard78.5978.9879.2079.5979.8180.2080.42
Camarilla79.2479.3079.3579.4179.4779.5279.58
Woodie78.5078.9479.1179.5579.7280.1680.33
Fibonacci78.9879.2279.3679.5979.8379.9780.20


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard77.4777.9378.8079.2680.1380.5981.46
Camarilla79.3179.4479.5679.6879.8079.9280.05
Woodie77.6978.0379.0279.3680.3580.6981.68
Fibonacci77.9378.4478.7579.2679.7780.0880.59

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 48.67
MACD (12,26,9): 0.1600
Directional Movement: -1.47
AROON (14): 64.29
DEMA (21): 79.75
Parabolic SAR (0,02-0,02-0,2): 79.99
Elder Ray (13): -0.08
Super Trend (3,10): 79.27
Zig ZAG (10): 79.41
VORTEX (21): 0.9900
Stochastique (14,3,5): 56.57
TEMA (21): 79.79
Williams %R (14): -75.35
Chande Momentum Oscillator (20): 0.13
Repulse (5,40,3): -0.8700
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 1.40
MA7: 79.75
MA20: 79.49
MA50: 79.23
MA100: 78.66
MAexp7: 79.66
MAexp20: 79.53
MAexp50: 79.21
MAexp100: 78.53
Price / MA7: -0.43%
Price / MA20: -0.10%
Price / MA50: +0.23%
Price / MA100: +0.95%
Price / MAexp7: -0.31%
Price / MAexp20: -0.15%
Price / MAexp50: +0.25%
Price / MAexp100: +1.12%

Quotes : - 15 min delayed data - NYSE MKT Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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