Technical Analysis for HYI - Western Asset High Yield Defined Opportunity Fund Inc.

Grade Last Price % Change Price Change
grade C 14.67 -1.35% -0.20
HYI closed down 3.19 percent on Thursday, February 27, 2020, on 3.86 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under 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 Down Down Down
Historical HYI trend table...

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish -1.34%
Expansion Breakdown Bearish Swing Setup -1.34%
Volume Surge Other -1.34%
Wide Range Bar Range Expansion -1.34%
Lower Bollinger Band Walk Weakness -1.34%
Below Lower BB Weakness -1.34%
Lower Bollinger Band Touch Weakness -1.34%
Oversold Stochastic Weakness -1.34%
MACD Bearish Centerline Cross Bearish -4.49%
Doji - Bullish? Reversal -4.49%

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Profile

Western Asset High Yield Defined Opportunity Fund 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 Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited. It invests fixed income markets across the globe. The fund invests in high-yield corporate fixed income securities with varying maturities. It invests in below investment grade fixed income securities. Western Asset High Yield Defined Opportunity Fund Inc. was formed on July 20, 2010 and is domiciled in the United States.
Institutional Investors Mutual Fund Fixed Income Legg Mason Partners Fund Western Asset Management Company Mirae Asset Financial Group

Is HYI 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 16.46
52 Week Low 14.25
Average Volume 99,038
200-Day Moving Average 15.28
50-Day Moving Average 15.71
20-Day Moving Average 15.88
10-Day Moving Average 15.81
Average True Range 0.22
ADX 29.65
+DI 12.92
-DI 51.98
Chandelier Exit (Long, 3 ATRs ) 15.80
Chandelier Exit (Short, 3 ATRs ) 15.33
Upper Bollinger Band 16.56
Lower Bollinger Band 15.21
Percent B (%b) -0.25
BandWidth 8.47
MACD Line -0.09
MACD Signal Line 0.05
MACD Histogram -0.137
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.82
Resistance 3 (R3) 15.85 15.58 15.66
Resistance 2 (R2) 15.58 15.34 15.56 15.60
Resistance 1 (R1) 15.22 15.19 15.09 15.19 15.55
Pivot Point 14.95 14.95 14.88 14.93 14.95
Support 1 (S1) 14.59 14.71 14.46 14.56 14.19
Support 2 (S2) 14.32 14.56 14.30 14.14
Support 3 (S3) 13.96 14.32 14.08
Support 4 (S4) 13.93