HYT Blackrock Corporate High Yield Fund Forecast, Technical & Fundamental Analysis
BlackRock Corporate High Yield Fund Inc is a diversified, closed-end management investment company... Show more
HYT's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for HYT turned positive on April 16, 2025. Looking at past instances where HYT's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where HYT's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 21, 2025. You may want to consider a long position or call options on HYT as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HYT advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
HYT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HYT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for HYT entered a downward trend on April 16, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
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HYT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HYT has been closely correlated with SHYG. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if HYT jumps, then SHYG could also see price increases.
| Ticker / NAME | Correlation To HYT | 1D Price Change % | ||
|---|---|---|---|---|
| HYT | 100% | +1.19% | ||
| SHYG - HYT | 75% Closely correlated | +0.55% | ||
| USHY - HYT | 73% Closely correlated | +0.50% | ||
| SPHY - HYT | 72% Closely correlated | +0.48% | ||
| HYLB - HYT | 68% Closely correlated | +0.48% | ||
| SJNK - HYT | 61% Loosely correlated | +0.61% | ||
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