| HYG latest price $84.4600 (0.75%) ($83.9200 - $84.4800) on Mon. Oct. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.4% (three month average) |
RSI | 45 |
Latest Price | $84.4600(0.75%) |
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 -0.2% a week on average for past two weeks. |
Market Behavior | Broad based 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(77%) SPY(76%) PCY(75%) IVW(73%) |
Factors Impacting HYG price | HYG will decline at least -0.2% in a week (0% probabilities). VIXM(-42%) UUP(-32%) TBT(-20%) VXX(-14%) EDOC(-8%) |
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 | -0.2% (StdDev 0.4%) |
Hourly BBV | 1.9 () |
Intraday Trend | 0.6% |
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