HYSTER-YALE INC (HY) Stock Technical Analysis
NYSE:HY • US4491721050
Overall HY gets a technical rating of 7 out of 10. In the last year, HY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- HY is part of the Machinery industry. There are 132 other stocks in this industry, of which 61% are performing better than HY.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month HY has a been trading in the 31.19 - 39.70 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, HY outperforms 58% of them, which is more or less in line with the market.
- HY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HY is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
32.42
We found 2 important support areas.
- A support zone ranging from 34.31 to 34.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.75 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for HY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HY is up. |
| ChartMill Relative Strength | 58.95 | NEUTRAL | HY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.15 | OVERBOUGHT | The high RSI value suggests HY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests HY has a positive trend. |
| Stochastics (14,3) | 95.04 | OVERBOUGHT | The high Stochastics value suggests HY may be overbought. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for HY suggests some volalility. |
| Average Directional Index/ADX (14) | 28.15 | POSITIVE | The high ADX value value for HY suggests a strong trend. |
39.47
+0.8 (+2.07%)
HYSTER-YALE INC / HY FAQ
What is the technical rating for HY stock?
ChartMill assigns a technical rating of 7 / 10 to HY.
Can you provide the trend direction for HYSTER-YALE INC?
The current trend direction for HYSTER-YALE INC (HY) is Bearish.
What is the RSI signal for HYSTER-YALE INC (HY) stock?
HYSTER-YALE INC (HY) has an RSI value of 73.149. This indicates that the stock is currently overbought.
What are the support and resistance levels for HYSTER-YALE INC (HY) stock?
HYSTER-YALE INC (HY) has a support level at 34.8. Check the full technical report for our detailed analysis of HY support and resistance levels.