Technical Analysis for SNLN - Highland/iBoxx Senior Loan ETF

Grade Last Price % Change Price Change
grade D 16.9301 -0.88% -0.15
SNLN closed down 0.9 percent on Thursday, February 27, 2020, on 1.51 times normal volume. The bears made the stock sink to a new 52-week low. 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
Very Strong Down Down Down
Historical SNLN trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish -0.88%
Expansion Breakdown Bearish Swing Setup -0.88%
Wide Range Bar Range Expansion -0.88%
Lower Bollinger Band Walk Weakness -0.88%
New 52 Week Low Weakness -0.88%
Below Lower BB Weakness -0.88%
Down 3 Days in a Row Weakness -0.88%
Down 4 Days in a Row Weakness -0.88%
Down 5 Days in a Row Weakness -0.88%
Gapped Down Weakness -0.88%

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Profile

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx USD Liquid Leveraged Loan Index. The fund invests at least 80% of its assets in component securities of the underlying index. It uses a passive management strategy designed to track the total return performance of the underlying index. The underlying index is a subset of the Markit iBoxx USD Leveraged Loan Index. "Leveraged Loans" are loans to companies that typically already have a high amount of debt and are often characterized by lower credit ratings or higher interest rates. It is non-diversified.
Index Bond Market Indices Bond Market Index Leverage iBoxx Markit Economic Indicators

Is SNLN 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 17.87
52 Week Low 17.08
Average Volume 182,945
200-Day Moving Average 17.49
50-Day Moving Average 17.47
20-Day Moving Average 17.36
10-Day Moving Average 17.30
Average True Range 0.04
ADX 52.53
+DI 5.96
-DI 55.98
Chandelier Exit (Long, 3 ATRs ) 17.35
Chandelier Exit (Short, 3 ATRs ) 17.21
Upper Bollinger Band 17.53
Lower Bollinger Band 17.19
Percent B (%b) -0.31
BandWidth 1.99
MACD Line -0.07
MACD Signal Line -0.05
MACD Histogram -0.0237
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.26
Resistance 3 (R3) 17.28 17.24 17.23
Resistance 2 (R2) 17.24 17.19 17.23 17.22
Resistance 1 (R1) 17.16 17.17 17.14 17.14 17.21
Pivot Point 17.12 17.12 17.11 17.11 17.12
Support 1 (S1) 17.04 17.07 17.02 17.02 16.95
Support 2 (S2) 17.00 17.05 16.99 16.94
Support 3 (S3) 16.92 17.00 16.93
Support 4 (S4) 16.90