While this happened, TD Cowen downgraded its Myers Industries Inc [MYE] rating to a Market perform from a an Outperform in a research note published on March 02, 2023; the price target was decreased to $23.75 from $28.50. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid December from “a Sector weight” to “an Overweight”. Cowen also remained covering MYE and has increased its forecast on August 27, 2019 with a “an Outperform” recommendation from previously “Market perform” rating.
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Price Performance Review of MYE
On Tuesday, Myers Industries Inc [NYSE:MYE] saw its stock fall -2.73% to $11.39. Over the last five days, the stock has lost -5.24%. Myers Industries Inc shares have fallen nearly -41.74% since the year began. Nevertheless, the stocks have fallen -36.62% over the past one year. While a 52-week high of $23.63 was reached on 03/22/24, a 52-week low of $11.66 was recorded on 11/05/24. SMA at 50 days reached $13.33, while 200 days put it at $16.60.
Levels Of Support And Resistance For MYE Stock
The 24-hour chart illustrates a support level at 10.83, which if violated will result in even more drops to 10.28. On the upside, there is a resistance level at 11.88. A further resistance level may holdings at 12.38. The Relative Strength Index (RSI) on the 14-day chart is 28.02, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.88%. Stochastics %K at 10.82% indicates the stock is a buying.
How much short interest is there in Myers Industries Inc?
A steep rise in short interest was recorded in Myers Industries Inc stocks on 2024-10-15, dropping by 60860.0 shares to a total of 0.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.89 million shares. There was a decline of -7.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 11, 2018 when Robert W. Baird began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.
