Haynes International Stock Forecast
Stronger technical forecast for Haynes International stock price after Wednesday trading.
(Updated on May 01, 2024)
The Haynes International stock price gained 0.299% on the last trading day (Wednesday, 1st May 2024), rising from $60.15 to $60.33. During the last trading day the stock fluctuated 0.292% from a day low at $60.32 to a day high of $60.50. The price has fallen in 6 of the last 10 days and is down by -0.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 109 thousand more shares were traded than the day before. In total, 360 thousand shares were bought and sold for approximately $21.75 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $61.01 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.41% during the next 3 months and, with a 90% probability hold a price between $58.93 and $62.48 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $60.32 and $60.22. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, April 11, 2024, and so far it has fallen -0.577%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 $0.176 between high and low, or 0.292%. For the last week the stock has had daily average volatility of 0.381%.
Our recommended stop-loss: $57.74 (-4.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (HAYN) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Haynes International to open at $60.38, and during the day (based on 14 day Average True Range), to move between $60.01 and $60.65, which gives a possible trading interval of +/-$0.317 (+/-0.53%) up or down from last closing price. If Haynes International takes out the full calculated possible swing range there will be an estimated 1.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $60.41 (0.13%) than the support at $60.00 (0.55%), 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.
Earnings coming up
Haynes International will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.86. We will update the financials statements for Haynes International, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.80% in the first trading day after earnings release.
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 Sell to a Buy candidate.
Current score: 2.154 Buy Candidate Upgraded
Predicted Opening Price for Haynes International of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $60.38 ( 0.0862%) | $60.33 |
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 | 60.56 | 0.378 % | |
| R2 | 60.49 | 0.266 % | ||
| R1 | 60.45 | 0.198 % | ||
| Current price: | 60.33 | |||
| Support | S1 | 60.31 | -0.0252 % | |
| S2 | 60.27 | -0.0941 % | ||
| S3 | 60.21 | -0.206 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.66 | 0.547 % | |
| R2 | 60.63 | 0.497 % | ||
| R1 | 60.41 | 0.133 % | ||
| Current price | 60.33 | |||
| Support | S1 | 60.00 | -0.547% | |
| S2 | 59.65 | -1.13% | ||
| S3 | 59.60 | -1.21% |
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
Click here for our free guide on how to buy Haynes International Stock.
