(HYG) Investment Analysis

November 23, 2024, 15:36 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HYG

• Buy HYG near 79.26 target 80.18 stop loss @ 79.03 Details

The technical summary data tells us to buy HYG near 79.26 with an upside target of 80.18. This data also tells us to set a stop loss @ 79.03 to protect against excessive loss in case the stock begins to move against the trade. 79.26 is the first level of support below 79.49 , and by rule, any test of support is a buy signal. In this case, support 79.26 is being tested, a buy signal would exist.

• Short HYG slightly under 80.18, target 79.26, stop loss @ 80.41 Details

The technical summary data is suggesting a short of HYG as it gets near 80.18 with a downside target of 79.26. We should have a stop loss in place at 80.41though. 80.18 is the first level of resistance above 79.49, and by rule, any test of resistance is a short signal. In this case, if resistance 80.18 is being tested, a short signal would exist.

Swing Trading Plans for HYG

• Buy HYG slightly over 79.61, target 80.18, Stop Loss @ 79.38 Details

If 79.61 begins to break higher, the technical summary data tells us to buy HYG just slightly over 79.61, with an upside target of 80.18. The data also tells us to set a stop loss @ 79.38 in case the stock turns against the trade. 79.61 is the first level of resistance above 79.49, and by rule, any break above resistance is a buy signal. In this case, 79.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HYG slightly near 79.61, target 79.26, Stop Loss @ 79.84. Details

The technical summary data is suggesting a short of HYG if it tests 79.61 with a downside target of 79.26. We should have a stop loss in place at 79.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HYG

• Buy HYG slightly over 79.7, target 80.18, Stop Loss @ 79.51 Details

If 79.7 begins to break higher, the technical summary data tells us to buy HYG just slightly over 79.7, with an upside target of 80.18. The data also tells us to set a stop loss @ 79.51 in case the stock turns against the trade. 79.7 is the first level of resistance above 79.49, and by rule, any break above resistance is a buy signal. In this case, 79.7, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HYG slightly near 79.7, target 79.26, Stop Loss @ 79.89. Details

The technical summary data is suggesting a short of HYG if it tests 79.7 with a downside target of 79.26. We should have a stop loss in place at 79.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.7, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Ishares Iboxx Usd High Yield Corporate Bond Etf (HYG) available here: HYG.

HYG Ratings for November 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	78.28
P2	79.7	79.22	79.26
P3	0	79.61	80.18

AI Generated Signals for HYG

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With an objective approach to Ishares Iboxx Usd High Yield Corporate Bond Etf (NYSE: HYG), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HYG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HYG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HYG too.  All of these are offered below the Summary Table.