HIX Western Asset High Income Fund II Forecast, Technical & Fundamental Analysis
Western Asset High Income Fund II Inc is a diversified closed-end management investment company... Show more
HIX in +1.40% Uptrend, rising for three consecutive days on July 02, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where HIX advanced for three days, in of 286 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for HIX just turned positive on June 24, 2025. Looking at past instances where HIX's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for HIX moved above the 200-day moving average on June 20, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The Aroon Indicator entered an Uptrend today. In of 342 cases where HIX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 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 HIX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HIX broke above its upper Bollinger Band on July 01, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
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HIX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HIX has been loosely correlated with USHY. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if HIX jumps, then USHY could also see price increases.
| Ticker / NAME | Correlation To HIX | 1D Price Change % | ||
|---|---|---|---|---|
| HIX | 100% | -0.23% | ||
| USHY - HIX | 59% Loosely correlated | +0.09% | ||
| SHYG - HIX | 59% Loosely correlated | +0.12% | ||
| JNK - HIX | 58% Loosely correlated | +0.06% | ||
| SPHY - HIX | 56% Loosely correlated | +0.08% | ||
| HYG - HIX | 54% Loosely correlated | +0.06% |