Based on the 15-minute chart for Hyster-Yale, there have been two notable technical indicators triggered. Firstly, the RSI (Relative Strength Index) has reached an oversold level, suggesting that the stock price has dropped significantly and is likely to rebound. Secondly, the KDJ (KST Divergence Index) has formed a golden cross at 08/15/2025 15:45, indicating a shift in momentum towards the upside and potential further price appreciation. These indicators suggest that the stock price has fallen below its fundamental support level, but is poised to rebound and increase in value.
Hyster-Yale Materials Handling (HY) has experienced a notable shift in its stock price momentum, as indicated by two significant technical indicators on its 15-minute chart. The Relative Strength Index (RSI) has reached an oversold level, suggesting a potential rebound, while the KDJ (KST Divergence Index) has formed a golden cross, signaling a shift in momentum towards the upside. These indicators suggest that the stock price has fallen below its fundamental support level but is poised to rebound and increase in value.
The RSI, which measures the speed and change of price movements, reached an oversold level of 30 on August 15, 2025, at 15:45. This level typically indicates that the stock price has dropped significantly and is likely to rebound [1]. The KDJ, which measures the relationship between the K line and the D line, formed a golden cross, a bullish signal, at the same time. This pattern indicates a shift in momentum towards the upside and potential further price appreciation [2].
In addition to these technical indicators, Hyster-Yale's earnings report for the previous quarter was a source of concern. The company reported a loss of $0.79 per share, which was worse than the expected loss of $0.10 per share. Despite this, the company has managed to see an exceptional 36% net income growth over the past five years, which is higher than the average industry growth of 17% [3].
Analysts have provided a mixed outlook for Hyster-Yale. Three analysts have given a Moderate Buy rating, while one analyst has given a Hold rating. The average price target for the stock is $46.33, representing a 28.73% upside potential from the current price of $35.99 [3].
Looking ahead, investors should closely monitor the company's earnings outlook and the broader industry trends. The Zacks Industry Rank for Manufacturing - Construction and Mining is currently in the bottom 15% of the 250 plus Zacks industries [1].
References:
[1] https://www.nasdaq.com/articles/manitowoc-company-inc-mtw-misses-q2-earnings-and-revenue-estimates
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3U00TZ:0-manitowoc-company-inc-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[3] https://www.ainvest.com/news/mtw-plummets-19-perfect-storm-earnings-sector-weakness-2508/
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