Brookfield High Income Fund Technical Analysis (NYSE:HHY)
Technical analysis is the study of Price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Brookfield High Income Fund Price data and volume are plotted in HHY Charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Brookfield High Income Fund. The technical analysis form of Brookfield High Income Fund Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Brookfield High Income Fund Moving Average
Moving averages help predict the price direction of HHY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $6.96 is below the last closing price of $7.04 and the 50 day moving average of $7.12 is above the last closing price of $7.04. The 10 and 20 day periods can predict short term moving average trends.
Brookfield High Income Fund Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the HHY stock. Currently the Price of $7.04 is in the upper range of Brookfield High Income Fund bollinger bands.
Brookfield High Income Fund Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The Brookfield High Income Fund MACD indicator is below 0 indicating a bearish trend.
Brookfield High Income Fund Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of HHY stock is 79.8.