SFL CORP LTD (SFL) Stock Technical Analysis
NYSE:SFL - New York Stock Exchange, Inc. - BMG7738W1064 - Common Stock - Currency: USD
Taking everything into account, SFL scores 4 out of 10 in our technical rating. In the past year, SFL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
85% of all other stocks performed better in the past year than SFL.
SFL is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 73% of 213 stocks in the same industry do better.
SFL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SFL is lagging the market.
In the last month SFL has a been trading in the 8.14 - 8.94 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
SFL has an average volume of 1154880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is only medium, SFL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.61, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.10
11.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.47 to 8.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.18 to 8.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 8.79 to 8.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.22 from a trend line in the weekly time frame.
- Resistance @10.10 from a trend line in the weekly time frame.
- Resistance @10.34 from a trend line in the daily time frame.
- Resistance @10.99 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 | DOWN | NEGATIVE | The long term trend for SFL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SFL is up. |
| ChartMill Relative Strength | 15.31 | NEGATIVE | SFL has a low relative strength, it was outperformed by 84.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SFL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SFL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SFL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.12 | NEUTRAL | The RSI value for SFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SFL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.31 | NEUTRAL | The Stochastics value for SFL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for SFL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.49 | NEGATIVE | The low ADX value for SFL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.7
+0.04 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.46%
1 Week1.4%
2 Weeks5.2%
1 Month5.07%
3 Month-3.55%
6 Month-16.91%
12 Month-36.17%
2 Year-6.75%
3 Year-8.32%
5 Year-6.35%
10 Year-46.69%
15 Year-51.34%
Volatility
ATR(14)0.2
ATR(20)%2.68%
ATR Inc-41.36%
Range Today0.16
ADR(20)0.22
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.31
Mansfield-2.04
10 Day High8.81
10 Day Low8.16
20 Day High8.94
20 Day Low8.14
52 Week High14.14
52 Week Low6.78
CS1 End8.61
CR1 Start8.79
Volume & EV
DER(3)-3.9%
DER(5)-0.97%
Volume1.07M
Volume Incr-21.27%
Vol(5)788.82K
Vol(50)1.15M