HAFNIA LTD (HAFNI.OL)

BMG4233B1090 - Common Stock

83.85  0 (0%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to HAFNI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HAFNI is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that HAFNI is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by HAFNI over the past year are nicely spread over this period.
HAFNI is part of the Oil, Gas & Consumable Fuels industry. There are 61 other stocks in this industry. HAFNI outperforms 71% of them.
HAFNI is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HAFNI is leading the market.
In the last month HAFNI has a been trading in the 73.90 - 84.60 range, which is quite wide. It is currently trading near the high of this range.
HAFNI has an average volume of 1347720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
HAFNI Weekly chart
HAFNI Daily chart
Setup Rating and Analysis

6

Besides having an excellent technical rating, HAFNI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

49.90

84.70

When analyzing the support we can see 7 important areas.

  • A support zone ranging from 77.65 to 78.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @76.13 from a trend line in the daily time frame.
  • A support zone ranging from 73.70 to 74.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @71.65 from a horizontal line in the daily time frame.
  • A support zone ranging from 66.44 to 66.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @63.00 from a horizontal line in the daily time frame.
  • Support @50.40 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 83.86 to 83.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.7
Mansfield1.28
10 Day High84.6
10 Day Low79
20 Day High84.6
20 Day Low73.9
52 Week High84.6
52 Week Low49.4
Performance
1 Week3.71%
2 Weeks3.07%
1 Month10.84%
3 Month10.4%
6 Month16.95%
12 Month56.29%
2 Year202.71%
3 Year368.96%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.25
RSI(14)65.97
LBB79.12
UBB84.25
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.

ENTRYEXITDISTANCECAPITAL
83.8778.994.88 (5.82%)17.19%
An entry @83.87. This is a Buy Stop order right above the resistance zone.An exit @78.99. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 4.88 points, which is 5.82%.When investing 17.19% 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.
HAFNI Daily chart

HAFNIA LTD

OSL:HAFNI (4/29/2024, 7:00:00 PM)

83.85

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week3.71%
2 Weeks3.07%
1 Month10.84%
3 Month10.4%
6 Month16.95%
12 Month56.29%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.03
ATR(20)%2.35%
ATR Inc
Range Today1.15
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High84.6
10 Day Low79
20 Day High84.6
20 Day Low73.9
52 Week High84.6
52 Week Low49.4
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume847.56K
Volume Incr-39.97%
Vol(5)902.79K
Vol(50)1.35M