HANMI FINANCIAL CORPORATION (HAFC) Stock Technical Analysis
NASDAQ:HAFC - Nasdaq - US4104952043 - Common Stock - Currency: USD
Overall HAFC gets a technical rating of 6 out of 10. In the last year, HAFC was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Looking at the yearly performance, HAFC did better than 89% of all other stocks.
HAFC is part of the Banks industry. There are 396 other stocks in this industry. HAFC outperforms 90% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
HAFC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HAFC is lagging the market slightly.
In the last month HAFC has a been trading in the 21.84 - 24.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, HAFC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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 23.35. Right above this resistance zone may be a good entry point.
More info and screens
16.25
25.13
We found 6 important support areas.
- A support zone ranging from 22.62 to 23.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.55 from a trend line in the weekly time frame.
- Support @21.17 from a trend line in the daily time frame.
- A support zone ranging from 20.42 to 20.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.99 from a horizontal line in the daily time frame.
- Support @16.41 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.35 to 24.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.88 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for HAFC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HAFC is neutral. |
| ChartMill Relative Strength | 89.2 | POSITIVE | HAFC has a high relative strength, it outperformed 89.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HAFC is below a declining 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) | 50.79 | NEUTRAL | The RSI value for HAFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests HAFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.61 | NEUTRAL | The Stochastics value for HAFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for HAFC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.48 | NEUTRAL | The ADX value for HAFC suggests a possible start of a new 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 |
|---|---|---|---|
| 24.23 | 22.61 | 1.62 (6.69%) | 14.96% |
| An entry @24.23. This is a Buy Stop order right above the resistance zone. | An exit @22.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.62 points, which is 6.69%. | For a 1.00% total portfolio risk, you can invest 14.96% 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.
23.12
+0.32 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.4%
1 Week-0.56%
2 Weeks-2.65%
1 Month-0.69%
3 Month3.03%
6 Month-9.9%
12 Month48.49%
2 Year54.86%
3 Year3.03%
5 Year138.11%
10 Year-6.92%
15 Year1734.92%
Volatility
ATR(14)0.56
ATR(20)%2.76%
ATR Inc-10.72%
Range Today0.58
ADR(20)0.61
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.2
Mansfield0.3
10 Day High23.86
10 Day Low21.84
20 Day High24.5
20 Day Low21.84
52 Week High27.59
52 Week Low14.97
CS1 End23.04
CR1 Start23.35
Volume & EV
DER(3)-0.11%
DER(5)-1.41%
Volume83.76K
Volume Incr-20%
Vol(5)103.45K
Vol(50)189.37K