| HYG latest price $83.8300 (0%) ($83.2800 - $83.8700) on Fri. Oct. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.4% (three month average) |
RSI | 41 |
Latest Price | $83.8300(0%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | HYG advances 0.2% a day on average for past five trading days. |
Weekly Trend | HYG declines -0.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support HYG advance at 0% a week (0% probability) JNK(99%) EMHY(77%) SPY(76%) PCY(75%) IVW(73%) |
Factors Impacting HYG price | HYG will decline at least -0.2% in a week (0% probabilities). VIXM(-43%) UUP(-33%) TBT(-20%) VXX(-14%) EDOC(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.2% (StdDev 0.4%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0.7% |
| |
|
|