HIMALAYA SHIPPING LTD (HSHP) Technical Analysis
NYSE:HSHP • BMG4660A1036
Current stock price
HSHP Technical Rating and Analysis
Taking everything into account, HSHP scores 10 out of 10 in our technical rating. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, HSHP did better than 95% of all other stocks. We also observe that the gains produced by HSHP over the past year are nicely spread over this period.
- HSHP is one of the better performing stocks in the Marine Transportation industry, it outperforms 97% 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 12.36 - 14.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HSHP Weekly and Daily overview Charts
HSHP Setup Rating and Analysis
HSHP has an excellent technical rating, but the quality of the setup is only medium 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
HSHP Support and Resistance Analysis
8.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 12.35 to 12.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.77 from a trend line in the daily time frame.
- Support @10.31 from a trend line in the weekly time frame.
- Support @8.50 from a trend line in the daily time frame.
HSHP 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 HSHP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HSHP is neutral. |
| ChartMill Relative Strength | 95.96 | POSITIVE | HSHP has a high relative strength, it outperformed 95.96% 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) | 49.25 | 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) | 38.82 | NEUTRAL | The Stochastics value for HSHP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for HSHP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.67 | NEGATIVE | The low ADX value for HSHP suggests a weak or negative trend. |
HSHP Chart- and CandleStick Pattern Analysis
HSHP Technicals: Chart, Performance Metrics, Trend & Indicators
13.45
-0.25 (-1.82%)
HIMALAYA SHIPPING LTD / HSHP TA 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 current trend direction of HIMALAYA SHIPPING LTD (HSHP) stock?
The current trend direction for HIMALAYA SHIPPING LTD (HSHP) is Bullish.
What is the RSI signal for HSHP stock?
HIMALAYA SHIPPING LTD (HSHP) has an RSI value of 49.2542. This indicates that the stock is currently neutral.
What is the MACD signal for HIMALAYA SHIPPING LTD (HSHP) stock?
The MACD indicator for HIMALAYA SHIPPING LTD (HSHP) has a value of -0.0315792, indicating a bearish trend.
What is the short term momentum for HSHP stock?
The short term momentum for HIMALAYA SHIPPING LTD (HSHP) is neutral.