Western Asset High Income Opportunity Fund (HIO) Technical Analysis: Signals, Charts & Indicators

1.56 / 10

Underperform

Technical score 1.56/10 (Underperform). MACD Death Cross, RSI overbought and Marubozu White all signal bearish momentum, with no bullish indicators, implying a fragile price structure.

Analysis Checks(0/3)

RSI Overbought

Score1/10

Win Rate22.22%

Hist. Signals9

Avg Return-0.62%

MACD Death Cross

Score2.68/10

Win Rate42.86%

Hist. Signals7

Avg Return-0.03%

Marubozu White

Score1/10

Win Rate31.25%

Hist. Signals32

Avg Return-0.36%

Technical Analysis of HIO?

HIO presents a Underperform setup with a Technical Score of 1.56/10. Key technical indicators highlight an RSI of 39.19 and a MACD of -0.01, with the trend anchored by the 50-Day SMA at 3.74. Traders should monitor key support at 3.59 and resistance at 3.63.