Western Asset High Income Opportunity Fund, Inc. (NYSE:HIO) Went Up 0.8%, And Here’s Why

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In its most recent trading session, Western Asset High Income Opportunity Fund, Inc. (NYSE:HIO) spiked up by 0.8% – here is what that looked like (as of 2019-12-04):

What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 33.311, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.019, an Accumulation/Distribution Index (ADI) of 0.019, an On-Balance Volume (OBV) of 13.964, and a Chaiikin Money Flow (CMF) of -4.98. 1.0

Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Western Asset High Income Opportunity Fund, Inc. (NYSE:HIO). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.