HIMALAYA SHIPPING LTD (HSHP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HSHP - BMG4660A1036 - Common Stock
We assign a technical rating of 10 out of 10 to HSHP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HSHP is showing a nice and steady performance.
Besides having an excellent technical rating, HSHP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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7.43
When analyzing the support we can see 5 important areas.
- Support @8.81 from a horizontal line in the daily time frame.
- A support zone ranging from 8.37 to 8.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.10 from a trend line in the daily time frame.
- A support zone ranging from 7.71 to 7.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @9.43 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 HSHP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HSHP is neutral. |
| ChartMill Relative Strength | 92.54 | POSITIVE | HSHP has a high relative strength, it outperformed 92.54% 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) | 49.43 | NEUTRAL | The RSI value for HSHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests HSHP has a negative trend. |
| Stochastics (14,3) | 7.75 | OVERSOLD | The low Stochastics value suggests HSHP may be oversold. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for HSHP suggests some volalility. |
| Average Directional Index/ADX (14) | 24.53 | NEUTRAL | The ADX value for HSHP suggests a possible start of a new 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 |
|---|---|---|---|
| 9.08 | 8.80 | 0.28 (3.11%) | 25.00% |
| An entry @9.08. This is a Buy Stop order right above the 10 day moving average. | An exit @8.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.28 points, which is 3.11%. | For a 0.78% total portfolio risk, you can invest 25.00% 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.
8.83
-0.01 (-0.11%)
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.
What is the trend direction for HSHP stock?
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 49.4268. This indicates that the stock is currently neutral.
What is the short term momentum for HIMALAYA SHIPPING LTD (HSHP) stock?
The short term momentum for HIMALAYA SHIPPING LTD (HSHP) is neutral.