HAFNIA LTD (HAFN) Technical Analysis
NYSE:HAFN • SGXZ53070850
We assign a technical rating of 10 out of 10 to HAFN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HAFN is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, HAFN did better than 92% of all other 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 81% of 207 stocks in the same industry.
- HAFN 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 HAFN is lagging the market slightly.
- In the last month HAFN has a been trading in the 6.43 - 7.96 range, which is quite wide. It is currently trading near the high of this range.
- HAFN has an average volume of 1430100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although HAFN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.23
We found 3 important support areas.
- A support zone ranging from 7.44 to 7.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.61 from a trend line in the weekly time frame.
- A support zone ranging from 5.28 to 5.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @7.70 from a horizontal line in the weekly 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 | 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 | 92.62 | POSITIVE | HAFN has a high relative strength, it outperformed 92.62% 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) | 65.3 | NEUTRAL | The RSI value for HAFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HAFN has a negative trend. |
| Stochastics (14,3) | 62.66 | NEUTRAL | The Stochastics value for HAFN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for HAFN suggests some volalility. |
| Average Directional Index/ADX (14) | 42.74 | POSITIVE | The high ADX value value for HAFN suggests a strong trend. |
HAFN Technicals: Chart, Performance Metrics, Trend & Indicators
7.49
+0.04 (+0.54%)
HAFNIA LTD / HAFN 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 current trend direction of HAFNIA LTD (HAFN) stock?
The current trend direction for HAFNIA LTD (HAFN) is Bullish.
What is the RSI signal for HAFNIA LTD (HAFN) stock?
HAFNIA LTD (HAFN) has an RSI value of 65.3017. This indicates that the stock is currently neutral.
What is the MACD signal for HAFNIA LTD (HAFN) stock?
The MACD indicator for HAFNIA LTD (HAFN) has a value of -0.0185622, indicating a bearish trend.
What is the short term momentum for HAFN stock?
The short term momentum for HAFNIA LTD (HAFN) is positive.