HY Technical Analysis - HYSTER-YALE INC

Technical Rating and Analysis

Taking everything into account, HY scores 0 out of 10 in our technical rating. HY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

91% of all other stocks performed better in the past year than HY.

HY is one of the lesser performing stocks in the Machinery industry. 80% of 129 stocks in the same industry do better.

HY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month HY has a been trading in the 35.44 - 39.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

HY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.49, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

35.40

43.75

We found 1 important support area.

A support zone ranging from 35.76 to 36.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 38.49 to 39.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @39.99 from a trend line in the daily time frame.
A resistance zone ranging from 42.68 to 43.32. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for HY is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for HY is neutral.
ChartMill Relative Strength	9.03	NEGATIVE	HY has a low relative strength, it was outperformed by 90.97% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HY is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.2	NEUTRAL	The RSI value for HY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests HY has a positive trend.
Stochastics (14,3)	51.01	NEUTRAL	The Stochastics value for HY is a neutral value.
Average True Range in percent/ATR (20)	3.49	MEDIUM VOLATILITY	The ATR as a percentage value for HY suggests some volalility.
Average Directional Index/ADX (14)	19.6	NEGATIVE	The low ADX value for HY suggests a weak or negative trend.