HIMALAYA SHIPPING LTD (HSHP) Stock Technical Analysis
NYSE:HSHP • BMG4660A1036
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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, HSHP did better than 96% 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 97% of 35 stocks in the same industry.
- A new 52 week high is currently being made by HSHP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month HSHP has a been trading in the 8.97 - 12.06 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HSHP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.43
When analyzing the support we can see 5 important areas.
- Support @10.71 from a trend line in the daily time frame.
- Support @9.43 from a trend line in the daily time frame.
- Support @9.23 from a trend line in the weekly time frame.
- Support @8.82 from a horizontal 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 | 96.83 | POSITIVE | HSHP has a high relative strength, it outperformed 96.83% 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) | 74.45 | OVERBOUGHT | The high RSI value suggests HSHP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests HSHP has a positive trend. |
| Stochastics (14,3) | 94.23 | OVERBOUGHT | The high Stochastics value suggests HSHP may be overbought. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for HSHP suggests some volalility. |
| Average Directional Index/ADX (14) | 25.73 | POSITIVE | The high ADX value value for HSHP suggests a strong trend. |
12.02
+0.55 (+4.8%)
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 74.4524. This indicates that the stock is currently overbought.
What is the short term momentum for HSHP stock?
The short term momentum for HIMALAYA SHIPPING LTD (HSHP) is positive.
What is the buy/sell signal for HSHP stock?
The buy/sell signal for HIMALAYA SHIPPING LTD (HSHP) is buy as both the short term and long term trends are positive.