Technical Analysis for HIX - Western Asset High Income Fund II Inc.

Grade Last Price % Change Price Change
grade B 6.8 1.19% 0.08
HIX closed up 1.19 percent on Wednesday, February 26, 2020, on approximately normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Down
Historical HIX trend table...

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Strong but Oversold Other 0.00%
Inside Day Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 200 DMA Bearish 1.19%
Fell Below 50 DMA Bearish 1.19%

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Profile

Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States.
Institutional Investors Bond Mutual Fund Betashares Investment Companies Legg Mason Partners Fund Western Asset Management Company Samena Capital

Is HIX 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 7.12
52 Week Low 6.38
Average Volume 587,596
200-Day Moving Average 6.77
50-Day Moving Average 6.84
20-Day Moving Average 6.94
10-Day Moving Average 6.97
Average True Range 0.07
ADX 38.71
+DI 18.65
-DI 38.30
Chandelier Exit (Long, 3 ATRs ) 6.92
Chandelier Exit (Short, 3 ATRs ) 6.92
Upper Bollinger Band 7.13
Lower Bollinger Band 6.75
Percent B (%b) 0.14
BandWidth 5.59
MACD Line 0.01
MACD Signal Line 0.05
MACD Histogram -0.0314
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.91
Resistance 3 (R3) 6.91 6.86 6.89
Resistance 2 (R2) 6.86 6.83 6.87 6.89
Resistance 1 (R1) 6.83 6.82 6.85 6.84 6.88
Pivot Point 6.79 6.79 6.80 6.79 6.79
Support 1 (S1) 6.76 6.76 6.77 6.76 6.72
Support 2 (S2) 6.71 6.74 6.72 6.71
Support 3 (S3) 6.68 6.71 6.71
Support 4 (S4) 6.69