HANMI FINANCIAL CORPORATION (HAFC) Stock Technical Analysis
NASDAQ:HAFC • US4104952043
Taking everything into account, HAFC scores 4 out of 10 in our technical rating. HAFC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- HAFC is one of the lesser performing stocks in the Banks industry. 69% of 381 stocks in the same industry do better.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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.
- In the last month HAFC has a been trading in the 24.54 - 29.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, HAFC turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
Although the technical rating is only medium, HAFC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.36, a Stop Loss order could be placed below this zone.
More info and screens
22.43
6 important support areas can be observed.
- A support zone ranging from 27.22 to 27.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.57 from a horizontal line in the weekly time frame.
- A support zone ranging from 25.18 to 25.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.77 from a horizontal line in the daily time frame.
- Support @24.00 from a trend line in the daily 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 29.57. 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 | 56.96 | NEUTRAL | HAFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HAFC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HAFC is below a declining 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) | 48.71 | NEUTRAL | The RSI value for HAFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HAFC has a positive trend. |
| Stochastics (14,3) | 54.41 | NEUTRAL | The Stochastics value for HAFC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for HAFC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for HAFC suggests a weak or negative trend. |
27.39
+0.01 (+0.04%)
HANMI FINANCIAL CORPORATION / HAFC FAQ
What is the technical rating for HAFC stock?
ChartMill assigns a technical rating of 4 / 10 to HAFC.
What is the current trend direction of HANMI FINANCIAL CORPORATION (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 48.709. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HANMI FINANCIAL CORPORATION?
The MACD indicator for HANMI FINANCIAL CORPORATION (HAFC) has a value of 0.0116119, indicating a bearish trend.