HANMI FINANCIAL CORPORATION (HAFC) Stock Technical Analysis
NASDAQ:HAFC - Nasdaq - US4104952043 - Common Stock - Currency: USD
Overall HAFC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, HAFC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that HAFC is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, HAFC also shows a nice and consistent pattern of rising prices.
HAFC is one of the better performing stocks in the Banks industry, it outperforms 92% of 397 stocks in the same industry.
HAFC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HAFC is lagging the market slightly.
HAFC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, HAFC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 26.55. Right above this resistance zone may be a good entry point.
More info and screens
19.79
27.11
When analyzing the support we can see 5 important areas.
- A support zone ranging from 23.23 to 23.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.55 to 22.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.17 from a trend line in the weekly time frame.
- Support @21.66 from a trend line in the daily time frame.
- Support @19.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.55 to 26.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HAFC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HAFC is up. |
| ChartMill Relative Strength | 88.86 | POSITIVE | HAFC has a high relative strength, it outperformed 88.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HAFC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HAFC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HAFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.48 | NEUTRAL | The RSI value for HAFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HAFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.6 | NEUTRAL | The Stochastics value for HAFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for HAFC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.47 | POSITIVE | The high ADX value value for HAFC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.85 | 24.16 | 2.69 (10.02%) | 9.98% |
| An entry @26.85. This is a Buy Stop order right above the resistance zone. | An exit @24.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.69 points, which is 10.02%. | For a 1.00% total portfolio risk, you can invest 9.98% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
25.8
-0.25 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.96%
1 Week-2.71%
2 Weeks4.54%
1 Month9.28%
3 Month26.16%
6 Month20.62%
12 Month48.45%
2 Year35.79%
3 Year2.1%
5 Year179.52%
10 Year1.94%
15 Year1729.79%
Volatility
ATR(14)0.75
ATR(20)%2.86%
ATR Inc-40.74%
Range Today0.51
ADR(20)0.72
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.86
Mansfield0.68
10 Day High26.91
10 Day Low24.17
20 Day High26.91
20 Day Low22.4
52 Week High27.59
52 Week Low17.37
CS1 End23.94
CR1 Start26.55
Volume & EV
DER(3)-0.46%
DER(5)0.28%
Volume132.90K
Volume Incr-19.63%
Vol(5)126.12K
Vol(50)136.38K