HAYN - Haynes International

Industry: Metal Fabrication Sector: Industrial Goods Exchange: NASDAQ

HAYN - Haynes International

Industry: Metal Fabrication Sector: Industrial Goods Exchange: NASDAQ
#1467()/7029

Tue 31'st Jul 2018

PERIOD 2018-05-02 - 2018-07-31
CHANGE 0.47%
PRICE $42.46
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

0.00%

Haynes International Stock Analysis

Technical stock analysis for Tue 31'st Jul 2018

Buy candidate since 2018-07-24 Gain 3.84%
Shorts 5.40% ( 2018-07-13 )
Cash 80.3 mill
Loans 8.8 mill
Beta 1.50
ROA -5.19

Haynes International gained 0.47% in the last trading day, rising from $42.26 to $42.46, and has now gained 3 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. The price has risen in 8 of the last 10 days and is up by 11.06% over the past 2 weeks. Volume fell in the last day by -20 277 shares, and in total, 51 416 shares bought and sold for approximately $2.18 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Haynes International has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $42.40, a level that may pose a second chance to hit a runner. According to fan-theory $48.67 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Haynes International holds buy signals from both short- and long-term moving averages. In addition, 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 $41.40 and $38.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday July 11, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 86 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Haynes International finds support from accumulated volume at $42.26.

Support: $42.26 Price: $42.46 Resistance: $42.59

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.36 between high and low, or 3.25%. For the last week, the stock has had a daily average volatility of 3.48%.

The stock is extremely overbought on RSI14 (86). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $40.84 (-3.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from pivot bottom found 14 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Buy Candidate

Click for Top 5 Buy Candidates

Hot Trends

ge stock projection rsi oil and gas stock prices for ford motor company top cheap stocks to buy right now how do i invest in nike stock ford stock price today microsoft stock prediction stock price for apple today microsoft stock price now buy starbucks stock amazon technical analysis nike stock outlook what is the current price of tesla stock current stock price chesapeake energy sirius satellite stock quote how much is boeing stock worth nke stock quote
Help us IMPROVE our CHARTS HERE.

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

Proudly made at


in partnership with
START FREE 5-DAY TRIAL