| HYG latest price $85.0700 (-0.37%) ($84.8500 - $85.1100) on Mon. Aug. 3, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.64% (three month average) |
RSI | 85 |
Latest Price | $85.0700(-0.37%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | HYG advances 0.1% a day on average for past five trading days. |
Weekly Trend | HYG advances 1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally 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 -0.32% in a week (0% probabilities). VIXM(-43%) UUP(-33%) TBT(-20%) VXX(-14%) IGOV(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.32% (StdDev 0.64%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
| |
|
|