HAFNIA LTD (HAFN) Technical Analysis
NYSE:HAFN • SGXZ53070850
Current stock price
HAFN Technical Rating and Analysis
Taking everything into account, HAFN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, HAFN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that HAFN is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by HAFN over the past year are nicely spread over this period.
- HAFN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 85% of 209 stocks in the same industry.
- HAFN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month HAFN has a been trading in the 7.29 - 8.52 range, which is quite wide. It is currently trading near the high of this range.
- HAFN has an average volume of 2001120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HAFN Weekly and Daily overview Charts
HAFN Setup Rating and Analysis
HAFN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for HAFN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
HAFN Support and Resistance Analysis
5.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.41 to 7.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.85 from a trend line in the weekly time frame.
- Support @5.35 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.42 to 8.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
HAFN Technical Indicator Signal Analysis
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 HAFN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HAFN is up. |
| ChartMill Relative Strength | 92.68 | POSITIVE | HAFN has a high relative strength, it outperformed 92.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HAFN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HAFN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HAFN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.06 | NEUTRAL | The RSI value for HAFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HAFN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.93 | OVERBOUGHT | The high Stochastics value suggests HAFN may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for HAFN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.56 | POSITIVE | The high ADX value value for HAFN suggests a strong trend. |
HAFN Chart- and CandleStick Pattern Analysis
HAFN Example Setup
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 |
|---|---|---|---|
| 8.47 | 7.94 | 0.53 (6.26%) | 15.98% |
| An entry @8.47. This is a Buy Stop order right above the resistance zone. | An exit @7.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.53 points, which is 6.26%. | When investing 15.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
HAFN Technicals: Chart, Performance Metrics, Trend & Indicators
8.41
-0.04 (-0.47%)
HAFNIA LTD / HAFN TA FAQ
What is the ChartMill technical rating of HAFNIA LTD (HAFN) stock?
ChartMill assigns a technical rating of 10 / 10 to HAFN.
What is the trend direction for HAFN stock?
The current trend direction for HAFNIA LTD (HAFN) is Bullish.
What is the RSI signal for HAFN stock?
HAFNIA LTD (HAFN) has an RSI value of 66.0579. This indicates that the stock is currently neutral.
What is the MACD signal for HAFN stock?
The MACD indicator for HAFNIA LTD (HAFN) has a value of 0.00921492, indicating a bearish trend.
What is the support and resistance level for HAFN stock?
HAFNIA LTD (HAFN) has a support level at 7.51 and a resistance level at 8.42. Check the full technical report for our detailed analysis of HAFN support and resistance levels.