HAYNES INTERNATIONAL INC (HAYN) Stock Technical Analysis
NASDAQ:HAYN - Nasdaq - US4208772016 - Common Stock - Currency: USD
Taking everything into account, HAYN scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HAYN is only an average performer.
Besides having an excellent technical rating, HAYN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 61.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.74, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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2 important support areas can be observed.
- A support zone ranging from 59.15 to 60.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.89 to 58.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.00 to 61.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HAYN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HAYN is up. |
| ChartMill Relative Strength | 61.33 | NEUTRAL | HAYN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HAYN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HAYN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HAYN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.93 | NEUTRAL | The RSI value for HAYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HAYN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.06 | OVERBOUGHT | The high Stochastics value suggests HAYN may be overbought. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for HAYN suggests low volalility. |
| Average Directional Index/ADX (14) | 45.8 | POSITIVE | The high ADX value value for HAYN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 61.01 | 60.39 | 0.62 (1.02%) | 25.00% |
| An entry @61.01. This is a Buy Stop order right above the resistance zone. | An exit @60.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.62 points, which is 1.02%. | For a 0.25% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
60.99
+0.02 (+0.03%)