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

Grade Last Price % Change Price Change
A 3.86 0.26% 0.01
HIO closed up 0.26 percent on Wednesday, July 3, 2024, on 59 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Doji - Bearish? Reversal 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Stochastic Reached Overbought Strength 0.26%

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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 Legg Mason Legg Mason Partners Fund Western Asset Management Company 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 3.8829
52 Week Low 3.2691
Average Volume 426,342
200-Day Moving Average 3.65
50-Day Moving Average 3.74
20-Day Moving Average 3.79
10-Day Moving Average 3.81
Average True Range 0.03
RSI (14) 69.60
ADX 29.23
+DI 31.37
-DI 11.43
Chandelier Exit (Long, 3 ATRs) 3.77
Chandelier Exit (Short, 3 ATRs) 3.82
Upper Bollinger Bands 3.85
Lower Bollinger Band 3.72
Percent B (%b) 1.06
BandWidth 3.39
MACD Line 0.03
MACD Signal Line 0.02
MACD Histogram 0.006
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.90
Resistance 3 (R3) 3.90 3.88 3.89
Resistance 2 (R2) 3.88 3.87 3.89 3.89
Resistance 1 (R1) 3.87 3.87 3.87 3.87 3.89
Pivot Point 3.86 3.86 3.86 3.86 3.86
Support 1 (S1) 3.85 3.85 3.85 3.85 3.83
Support 2 (S2) 3.83 3.84 3.83 3.83
Support 3 (S3) 3.82 3.83 3.83
Support 4 (S4) 3.82