Taking everything into account, HAFC scores 8 out of 10 in our technical rating. In the last year, HAFC was one of the better performers, but we do observe some doubts in the very recent evolution.
HAFC has an excellent technical rating and also presents a decent setup pattern. 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.
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22.43
5 important support areas can be observed.
- Support @25.91 from a horizontal line in the daily time frame.
- Support @24.47 from a trend line in the weekly time frame.
- Support @23.89 from a trend line in the daily time frame.
- Support @23.21 from a trend line in the weekly time frame.
- Support @22.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.04 to 29.13. 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 | NEUTRAL | NEUTRAL | The short term trend for HAFC is neutral. |
| ChartMill Relative Strength | 77.78 | POSITIVE | HAFC has a high relative strength, it outperformed 77.78% 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) | 45.61 | NEUTRAL | The RSI value for HAFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests HAFC has a negative trend. |
| Stochastics (14,3) | 11.44 | OVERSOLD | The low Stochastics value suggests HAFC may be oversold. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for HAFC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.86 | NEUTRAL | The ADX value for HAFC suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 28.55 | 27.68 | 0.87 (3.06%) | 25.00% |
| An entry @28.55. This is a Buy Stop order right above the 10 day moving average. | An exit @27.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.87 points, which is 3.06%. | For a 0.77% total portfolio risk, you can invest 25.00% 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.
27.75
-0.35 (-1.25%)
HANMI FINANCIAL CORPORATION / HAFC FAQ
What is the technical rating for HAFC stock?
ChartMill assigns a technical rating of 8 / 10 to HAFC.
What is the trend direction for HAFC stock?
The current trend direction for HANMI FINANCIAL CORPORATION (HAFC) is Bullish.
What is the RSI signal for HANMI FINANCIAL CORPORATION (HAFC) stock?
HANMI FINANCIAL CORPORATION (HAFC) has an RSI value of 45.613. This indicates that the stock is currently neutral.
What is the MACD signal for HAFC stock?
The MACD indicator for HANMI FINANCIAL CORPORATION (HAFC) has a value of -0.183792, indicating a bearish trend.
What is the short term momentum for HAFC stock?
The short term momentum for HANMI FINANCIAL CORPORATION (HAFC) is neutral.