HIMALAYA SHIPPING LTD (HSHP) Technical Analysis
NYSE:HSHP • BMG4660A1036
Current stock price
HSHP Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to HSHP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month HSHP has a been trading in the 12.27 - 14.95 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about 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 is also trading in the upper part of its 52 week range, so HSHP is performing more or less in line with the market.
HSHP Weekly and Daily overview Charts
HSHP Setup Rating and Analysis
Besides having an excellent technical rating, HSHP 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 support zone below the current price at 12.35, a Stop Loss order could be placed below this zone.
More info and screens
HSHP Support and Resistance Analysis
9.07
4 important support areas can be observed.
- 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 @10.16 from a trend line in the daily time frame.
- Support @9.88 from a trend line in the weekly time frame.
- Support @9.16 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.76 to 13.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 95.97 | POSITIVE | HSHP has a high relative strength, it outperformed 95.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HSHP is below a declining 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) | 48.82 | NEUTRAL | The RSI value for HSHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests HSHP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.77 | OVERSOLD | The low Stochastics value suggests HSHP may be oversold. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for HSHP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for HSHP suggests a possible start of a new trend. |
HSHP Chart- and CandleStick Pattern Analysis
HSHP 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.11 | 12.34 | 0.77 (5.87%) | 17.03% |
| An entry @13.11. This is a Buy Stop order right above the resistance zone. | An exit @12.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.77 points, which is 5.87%. | When investing 17.03% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
HSHP Technicals: Chart, Performance Metrics, Trend & Indicators
12.75
+0.39 (+3.16%)
HIMALAYA SHIPPING LTD / HSHP TA FAQ
Can you provide the ChartMill technical rating for HIMALAYA SHIPPING LTD?
ChartMill assigns a technical rating of 9 / 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 48.8167. 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.