Technical Analysis for HIO - Western Asset High Income Opportunity Fund, Inc.

Grade Last Price % Change Price Change
C 3.92 -0.25% -0.01
HIO closed down 0.25 percent on Wednesday, November 20, 2024, on 67 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Flat

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
NR7 Range Contraction 0.00%
Gapped Up Strength 0.00%
Crossed Above 20 DMA Bullish -0.25%
Crossed Above 50 DMA Bullish -0.25%
Stochastic Buy Signal Bullish -0.25%
Bullish Engulfing Bullish 1.28%
Lower Bollinger Band Walk Weakness 1.28%
Lower Bollinger Band Touch Weakness 1.28%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 21 hours ago
Fell Below 50 DMA about 21 hours ago
Rose Above 20 DMA 1 day ago
Rose Above 50 DMA 1 day ago
Rose Above 10 DMA 1 day ago

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Profile

Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It seeks to invest in high-yielding corporate debt obligations. The fund seeks to maintain an average duration of around four years with an average credit quality of B. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. The fund was formerly known as High Income Opportunity Fund. Western Asset High Income Opportunity Fund Inc. was formed on November 16, 1993 and is domiciled in the United States.
Classification

Keywords: Exchange Traded Fund ETF Mutual Fund Bond Market Fixed Income Western Asset Management Company Legg Mason Legg Mason Partners Fund Opportunity Fund Income Opportunity Fund High Income Opportunity Fund

Is HIO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.9939
52 Week Low 3.3343
Average Volume 394,958
200-Day Moving Average 3.72
50-Day Moving Average 3.93
20-Day Moving Average 3.93
10-Day Moving Average 3.92
Average True Range 0.04
RSI (14) 50.25
ADX 17.63
+DI 21.86
-DI 24.87
Chandelier Exit (Long, 3 ATRs) 3.88
Chandelier Exit (Short, 3 ATRs) 3.93
Upper Bollinger Bands 4.00
Lower Bollinger Band 3.85
Percent B (%b) 0.49
BandWidth 3.75
MACD Line -0.01
MACD Signal Line 0.00
MACD Histogram -0.0044
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.97
Resistance 3 (R3) 3.97 3.96 3.96
Resistance 2 (R2) 3.96 3.95 3.96 3.96
Resistance 1 (R1) 3.94 3.94 3.93 3.94 3.96
Pivot Point 3.93 3.93 3.92 3.93 3.93
Support 1 (S1) 3.91 3.92 3.90 3.91 3.89
Support 2 (S2) 3.90 3.91 3.90 3.89
Support 3 (S3) 3.88 3.90 3.89
Support 4 (S4) 3.88