Technical Analysis for SHYG - iShares 0-5 Year High Yield Corporate Bond ETF

Grade Last Price % Change Price Change
A 42.20 0.36% 0.15
SHYG closed up 0.36 percent on Friday, May 3, 2024, on 69 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Gilligan's Island Sell Setup Bearish Swing Setup 0.00%
New 52 Week Closing High Bullish 0.00%
Spinning Top Other 0.00%
Three Weeks Tight Range Contraction 0.00%
New 52 Week High Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%

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Profile

The investment seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds with remaining maturities of less than five years. The fund generally invests at least 90% of its assets in the securities of the underlying index and in investments that provide substantially similar exposure to the securities in the underlying index. It seeks to track the investment results of the Markit iBoxx® USD Liquid High Yield 0-5 Index, which is designed to reflect the performance of U.S. dollar-denominated high yield corporate debt.
Classification

Keywords: Exchange Traded Fund ETF Bond High Yield Debt Corporate Bond Bond Fund Bond Market Indices iBoxx Yield Curve

Is SHYG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 42.29
52 Week Low 38.3304
Average Volume 1,478,064
200-Day Moving Average 40.59
50-Day Moving Average 41.83
20-Day Moving Average 41.76
10-Day Moving Average 41.87
Average True Range 0.17
RSI (14) 63.50
ADX 17.41
+DI 37.33
-DI 22.31
Chandelier Exit (Long, 3 ATRs) 41.77
Chandelier Exit (Short, 3 ATRs) 41.89
Upper Bollinger Bands 42.17
Lower Bollinger Band 41.35
Percent B (%b) 1.03
BandWidth 1.97
MACD Line 0.05
MACD Signal Line 0.00
MACD Histogram 0.0521
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 42.43
Resistance 3 (R3) 42.43 42.36 42.39
Resistance 2 (R2) 42.36 42.30 42.36 42.37
Resistance 1 (R1) 42.28 42.27 42.25 42.28 42.36
Pivot Point 42.21 42.21 42.19 42.21 42.21
Support 1 (S1) 42.13 42.15 42.10 42.13 42.04
Support 2 (S2) 42.06 42.12 42.06 42.03
Support 3 (S3) 41.98 42.06 42.01
Support 4 (S4) 41.98