In the meantime, KeyBanc Capital Markets downgraded its Myers Industries Inc [MYE] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Market perform”. KeyBanc Capital Markets also remained covering MYE and has increased its forecast on December 18, 2020 with a “an Overweight” recommendation from previously “Sector weight” rating. Cowen revised its rating on August 27, 2019. It rated MYE as “an Outperform” which previously was an “a Market perform”.
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Price Performance Review of MYE
On Friday, Myers Industries Inc [NYSE:MYE] saw its stock fall -0.89% to $11.13. Over the last five days, the stock has lost -4.87%. Myers Industries Inc shares have fallen nearly -43.07% since the year began. Nevertheless, the stocks have fallen -36.07% over the past one year. While a 52-week high of $23.63 was reached on 03/22/24, a 52-week low of $10.35 was recorded on 11/20/24. SMA at 50 days reached $12.65, while 200 days put it at $16.15.
Levels Of Support And Resistance For MYE Stock
The 24-hour chart illustrates a support level at 10.91, which if violated will result in even more drops to 10.69. On the upside, there is a resistance level at 11.37. A further resistance level may holdings at 11.62. The Relative Strength Index (RSI) on the 14-day chart is 38.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.38%. Stochastics %K at 45.81% indicates the stock is a holding.
How much short interest is there in Myers Industries Inc?
A steep rise in short interest was recorded in Myers Industries Inc stocks on 2024-10-31, growing by 0.24 million shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.72 million shares. There was a rise of 24.99%, which implies that there is a positive sentiment for the stock.
