SFL CORP LTD (SFL) Stock Technical Analysis
USA - NYSE:SFL - BMG7738W1064 - Common Stock
We assign a technical rating of 4 out of 10 to SFL. Recently some decent action could be observed, but in the medium term time frame this is still negative. SFL was also a bad performer in the overall market in the last year.
SFL has an average technical rating and the quality of the presented setup is also not ideal 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
8.14
We can see 3 important resistance areas.
- A resistance zone ranging from 8.24 to 8.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.05 from a trend line in the weekly time frame.
- Resistance @9.34 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for SFL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SFL is up. |
| ChartMill Relative Strength | 24.12 | NEGATIVE | SFL has a low relative strength, it was outperformed by 75.88% 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) | DOWN | MIXED | The current price of SFL is above a declining 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) | 67.52 | NEUTRAL | The RSI value for SFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SFL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.18 | OVERBOUGHT | The high Stochastics value suggests SFL may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SFL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.09 | POSITIVE | The high ADX value value for SFL suggests a strong trend. |
8.22
+0.03 (+0.37%)
SFL CORP LTD / SFL FAQ
What is the ChartMill technical rating of SFL CORP LTD (SFL) stock?
ChartMill assigns a technical rating of 4 / 10 to SFL.
Can you provide the trend direction for SFL CORP LTD?
The current trend direction for SFL CORP LTD (SFL) is Bearish.
What is the RSI signal for SFL stock?
SFL CORP LTD (SFL) has an RSI value of 67.5248. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SFL CORP LTD?
The short term momentum for SFL CORP LTD (SFL) is positive.
Can you provide the support and resistance levels for SFL CORP LTD?
SFL CORP LTD (SFL) has a resistance level at 8.24. Check the full technical report for our detailed analysis of SFL support and resistance levels.