How the price action of Hyster-yale Materials Handling Inc. Class A ($HY) is used to our Advantage
December 13, 2023, 09:30 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HY
- Buy HY slightly over 50.68 target 59.63 stop loss @ 50.53 Details
The technical summary data tells us to buy HY near 50.68 with an upside target of 59.63. This data also tells us to set a stop loss @ 50.53 to protect against excessive loss in case the stock begins to move against the trade. 50.68 is the first level of support below 52.12 , and by rule, any test of support is a buy signal. In this case, support 50.68 is being tested, a buy signal would exist.
- Short HY slightly under 59.63, target 50.68, stop loss @ 59.8 Details
The technical summary data is suggesting a short of HY as it gets near 59.63 with a downside target of 50.68. We should have a stop loss in place at 59.8though. 59.63 is the first level of resistance above 52.12, and by rule, any test of resistance is a short signal. In this case, if resistance 59.63 is being tested, a short signal would exist.
Swing Trading Plans for HY
- Buy HY slightly over 52.38, target 59.63, Stop Loss @ 52.23 Details
If 52.38 begins to break higher, the technical summary data tells us to buy HY just slightly over 52.38, with an upside target of 59.63. The data also tells us to set a stop loss @ 52.23 in case the stock turns against the trade. 52.38 is the first level of resistance above 52.12, and by rule, any break above resistance is a buy signal. In this case, 52.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HY slightly near 52.38, target 50.86, Stop Loss @ 52.53. Details
The technical summary data is suggesting a short of HY if it tests 52.38 with a downside target of 50.86. We should have a stop loss in place at 52.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 52.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HY
- Buy HY slightly over 52.13, target 52.38, Stop Loss @ 52.01 Details
If 52.13 begins to break higher, the technical summary data tells us to buy HY just slightly over 52.13, with an upside target of 52.38. The data also tells us to set a stop loss @ 52.01 in case the stock turns against the trade. 52.13 is the first level of resistance above 52.12, and by rule, any break above resistance is a buy signal. In this case, 52.13, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HY slightly near 52.13, target 51.17, Stop Loss @ 52.25. Details
The technical summary data is suggesting a short of HY if it tests 52.13 with a downside target of 51.17. We should have a stop loss in place at 52.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 52.13, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Hyster-yale Materials Handling Inc. Class A (HY) available here: HY.
HY Ratings for December 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
42.83 |
| P2 |
51.17 |
50.86 |
50.68 |
| P3 |
52.13 |
52.38 |
59.63 |
AI Generated Signals for HY
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Hyster-yale Materials Handling Inc. Class A (NYSE: HY) data table below can help you with price action, and we have more details too. Trading plans for HY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HY:
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