Hyster-Yale Materials Handling Technical Analysis (NYSE:HY)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Hyster-Yale Materials Handling stock price data and volume are plotted in HY stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Hyster-Yale Materials Handling. Technical analysis uses an approach for Hyster-Yale Materials Handling stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hyster-Yale Materials Handling Moving Average
Moving averages show the average price of HY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $65.27 is below the price of $66.55.
Hyster-Yale Materials Handling Bollinger Bands
Bollinger bands comprise of a center line usually HY SMA, and two HY stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $66.55 is in the upper range of Hyster-Yale Materials Handling bollinger bands.
Hyster-Yale Materials Handling Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Hyster-Yale Materials Handling MACD indicator can be used to identify bullish and bearish trends for the stock.
Hyster-Yale Materials Handling Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of HY stock is 60.25.