RSI low/high Values: [ 25 - 75 ]
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AI Analysis of HY
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Hyster-Yale Materials Handling Inc stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Hyster-Yale Materials Handling Inc stock price gained 1.97% on the last trading day (Thursday, 28th Mar 2024), rising from $62.93 to $64.17. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.58% from a day low at $62.57 to a day high of $64.18. The price has risen in 8 of the last 10 days and is up by 11.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 thousand more shares were traded than the day before. In total, 148 thousand shares were bought and sold for approximately $9.49 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.67% during the next 3 months and, with a 90% probability hold a price between $50.21 and $62.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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HY Signals & Forecast

Mostly positive signals in the chart today. The Hyster-Yale Materials Handling Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $60.90 and $63.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 12.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Hyster-Yale Materials Handling Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $59.84 and $58.88. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hyster-Yale Materials Handling Inc finds support just below today's level at $59.84. If this is broken, then the next support from accumulated volume will be at $58.88 and $58.33.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.62 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 2.68%.

Our recommended stop-loss: $60.87 (-5.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (HY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Hyster-Yale Materials Handling Inc to open at $63.64, and during the day (based on 14 day Average True Range), to move between $61.85 and $66.49, which gives a possible trading interval of +/-$2.32 (+/-3.61%) up or down from last closing price. If Hyster-Yale Materials Handling Inc takes out the full calculated possible swing range there will be an estimated 7.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $67.41 (5.05%) than the support at $59.84 (6.75%), 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 Hyster-Yale Materials Handling Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 4.022 Buy Candidate Upgraded

Predicted Opening Price for Hyster-Yale Materials Handling Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$63.64 ( 0.83%) $64.17

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 65.25 1.69 %
R2 64.64 0.727 %
R1 64.26 0.133 %
Current price: 64.17
Support S1 63.02 -1.79 %
S2 62.64 -2.38 %
S3 62.02 -3.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 69.35 8.07 %
R2 68.14 6.19 %
R1 67.41 5.05 %
Current price 64.17
Support S1 59.84 -6.75%
S2 58.88 -8.24%
S3 58.33 -9.10%

HY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 13, 2024 Feb 29, 2024 Mar 15, 2024 $0.325 0.558%
2 Nov 14, 2023 Nov 30, 2023 Dec 15, 2023 $0.325 0.560%
3 Aug 16, 2023 Aug 31, 2023 Sep 15, 2023 $0.330 0.746%
4 May 09, 2023 May 31, 2023 Jun 15, 2023 $0.325 0.627%
5 Feb 14, 2023 Feb 28, 2023 Mar 15, 2023 $0.323 0.745%

FAQ

What is the symbol for Hyster-Yale Materials Handling Inc Stock and on which exchange is it traded?
The symbol for Hyster-Yale Materials Handling Inc is HY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Hyster-Yale Materials Handling Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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.

How to buy Hyster-Yale Materials Handling Inc Stock?
Hyster-Yale Materials Handling Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hyster-Yale Materials Handling Inc Stock.

What's the current price of Hyster-Yale Materials Handling Inc Stock?
As of the end of day on the 2024-03-28, the price of an Hyster-Yale Materials Handling Inc (HY) share was $64.17.

What is the 52-week high and low for Hyster-Yale Materials Handling Inc Stock?
The 52-week high for Hyster-Yale Materials Handling Inc Stock is $72.40 and the 52-week low is $38.50.

What is the market capitalization of Hyster-Yale Materials Handling Inc Stock?
As of the 2024-03-28, the market capitalization of Hyster-Yale Materials Handling Inc is 1.122B.

When is the next earnings date for Hyster-Yale Materials Handling Inc?
The upcoming earnings date for Hyster-Yale Materials Handling Inc is May 07, 2024.
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About Hyster-Yale Materials Handling Inc

Hyster-Yale Materials Handling Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. It also sells aftermarket parts un... HY Profile

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