| HYG latest price $84.5800 (0.2%) ($84.3400 - $84.6200) on Wed. Jul. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.75% (three month average) |
RSI | 77 |
Latest Price | $84.5800(0.2%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | HYG advances 0.3% a day on average for past five trading days. |
Weekly Trend | HYG advances 1.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support HYG advance at 0% a week (0% probability) JNK(99%) EMHY(76%) SPY(75%) PCY(74%) IVW(73%) |
Factors Impacting HYG price | HYG will decline at least -0.375% in a week (0% probabilities). VIXM(-43%) UUP(-33%) TBT(-20%) VXX(-14%) IYT(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.375% (StdDev 0.75%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
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