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. 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.
Although HSHP 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.
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7.43
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.15 to 8.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.89 from a trend line in the daily time frame.
- Support @7.63 from a trend line in the daily time frame.
- Support @7.50 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for HSHP is up. |
| ChartMill Relative Strength | 92.58 | POSITIVE | HSHP has a high relative strength, it outperformed 92.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HSHP is above 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) | 65.35 | NEUTRAL | The RSI value for HSHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HSHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.59 | NEUTRAL | The Stochastics value for HSHP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for HSHP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.39 | POSITIVE | The high ADX value value for HSHP suggests a strong trend. |
9.42
-0.13 (-1.36%)
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 65.345. 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 positive.
Can you provide the buy/sell signal for HIMALAYA SHIPPING LTD?
The buy/sell signal for HIMALAYA SHIPPING LTD (HSHP) is buy as both the short term and long term trends are positive.