HIMALAYA SHIPPING LTD (HSHP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HSHP - BMG4660A1036 - Common Stock
Overall HSHP gets a technical rating of 10 out of 10. Both in the recent history as in the last year, HSHP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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!
- Looking at the yearly performance, HSHP did better than 91% of all other stocks. On top of that, HSHP also shows a nice and consistent pattern of rising prices.
- HSHP is one of the better performing stocks in the Marine Transportation industry, it outperforms 94% of 35 stocks in the same industry.
- HSHP 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 HSHP is lagging the market slightly.
- In the last month HSHP has a been trading in the 8.62 - 9.55 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.
- Volume is considerably higher in the last couple of days.
HSHP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HSHP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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4 important support areas can be observed.
- A support zone ranging from 8.72 to 8.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.49 from a trend line in the daily time frame.
- Support @7.71 from a horizontal line in the weekly time frame.
- Support @7.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.38 to 9.53. 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 HSHP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HSHP is neutral. |
| ChartMill Relative Strength | 91.7 | POSITIVE | HSHP has a high relative strength, it outperformed 91.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HSHP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HSHP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HSHP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.93 | NEUTRAL | The RSI value for HSHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HSHP has a negative trend. |
| Stochastics (14,3) | 41.58 | NEUTRAL | The Stochastics value for HSHP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for HSHP suggests some volalility. |
| Average Directional Index/ADX (14) | 13.06 | NEGATIVE | The low ADX value for HSHP suggests a weak or negative 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 |
|---|---|---|---|
| 9.11 | 8.71 | 0.40 (4.40%) | 22.72% |
| An entry @9.11. This is a Buy Stop order right above the 10 day moving average. | An exit @8.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.40 points, which is 4.40%. | For a 1.00% total portfolio risk, you can invest 22.72% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HSHP. Please evaluate whether better entry and exit points can be found.
- 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.
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-0.04 (-0.44%)
HIMALAYA SHIPPING LTD / HSHP FAQ
Can you provide the ChartMill technical rating for HIMALAYA SHIPPING LTD?
ChartMill assigns a technical rating of 10 / 10 to HSHP.
Can you provide the trend direction for HIMALAYA SHIPPING LTD?
The current trend direction for HIMALAYA SHIPPING LTD (HSHP) is Bullish.
Can you provide the RSI signal for HIMALAYA SHIPPING LTD?
HIMALAYA SHIPPING LTD (HSHP) has an RSI value of 49.9349. This indicates that the stock is currently neutral.
What is the short term momentum for HSHP stock?
The short term momentum for HIMALAYA SHIPPING LTD (HSHP) is neutral.