iShares iBoxx $ High Yield Corporate Bond ETF (HYG)

iShares iBoxx $ High Yield Corporate Bond ETF is trading at $77.05, down 0.06% on the session. The 50 day average sits at $78.44 and the 200 day at $79.67, which puts the stock in a downtrend. RSI is at 32, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $76.75 with resistance near $77.32, so that band frames the current range. Average daily movement is roughly $0.31, or about 0.4% of the share price, which is what any stop placement has to allow for. The overall health score of 46 out of 100 combines a trend score of 7, momentum of 54 and a risk score of 96.

The underlying index is a rules-based index consisting of U.S. dollar-denominated, high yield corporate bonds for sale in the U.S. The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that the advisor believes will help the fund track the underlying index.