Haynes International Stock Forecast
Haynes International stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Haynes International stock price fell by -0.0333% on the last day (Thursday, 28th Mar 2024) from $60.14 to $60.12. During the last trading day the stock fluctuated 0.141% from a day low at $60.10 to a day high of $60.18. The price has risen in 7 of the last 10 days and is up by 0.91% over the past 2 weeks. Volume has increased on the last day by 129 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 326 thousand shares were bought and sold for approximately $19.59 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.84% during the next 3 months and, with a 90% probability hold a price between $65.32 and $71.02 at the end of this 3-month period.
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HAYN Signals & Forecast
The Haynes International stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $60.08 and $59.66. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.0665%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Haynes International stock
Haynes International finds support from accumulated volume at $60.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0850 between high and low, or 0.141%. For the last week the stock has had daily average volatility of 0.205%.
Our recommended stop-loss: $58.67 (-2.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (HAYN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Haynes International to open at $60.13, and during the day (based on 14 day Average True Range), to move between $59.77 and $60.47, which gives a possible trading interval of +/-$0.348 (+/-0.58%) up or down from last closing price. If Haynes International takes out the full calculated possible swing range there will be an estimated 1.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $60.14 (0.03%) than the support at $60.00 (0.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Haynes International stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Haynes International stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.593 Buy Candidate Upgraded
Predicted Opening Price for Haynes International of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$60.13 ( 0.0194%) | $60.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAYN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 60.22 | 0.161 % | |
R2 | 60.18 | 0.107 % | ||
R1 | 60.16 | 0.0734 % | ||
Current price: | 60.12 | |||
Support | S1 | 60.10 | -0.0346 % | |
S2 | 60.08 | -0.0680 % | ||
S3 | 60.05 | -0.122 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 60.16 | 0.0665 % | ||
R1 | 60.14 | 0.0333 % | ||
Current price | 60.12 | |||
Support | S1 | 60.00 | -0.200% | |
S2 | 59.65 | -0.782% | ||
S3 | 59.60 | -0.86% |
HAYN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 05, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.220 | 0.370% |
2 | Nov 16, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.220 | 0.415% |
3 | Aug 03, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.220 | 0.451% |
4 | May 03, 2023 | May 31, 2023 | Jun 15, 2023 | $0.220 | 0.425% |
5 | Feb 01, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.220 | 0.473% |
FAQ
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