| HYG latest price $76.4700 (0.12%) ($76.4500 - $77.0750) on Wed. Jan. 18, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.8% (three month average) |
RSI | 74 |
Latest Price | $76.4700(0.12%) |
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 advances 2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support HYG advance at 0% a week (0% probability) JNK(99%) EMHY(79%) PCY(75%) LQD(72%) VT(70%) |
Factors Impacting HYG price | HYG will decline at least -0.4% in a week (0% probabilities). TBT(-53%) VIXM(-45%) UUP(-32%) VXX(-19%) IGOV(7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.4% (StdDev 0.8%) |
Hourly BBV | -0.5 () |
Intraday Trend | -0.5% |
| |
|
|