SFL CORP LTD (SFL) Technical Analysis
NYSE:SFL • BMG7738W1064
Current stock price
SFL Technical Rating and Analysis
Taking everything into account, SFL scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, SFL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- SFL 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 SFL is performing more or less in line with the market.
- SFL has an average volume of 1702000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SFL did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- SFL is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 52% of 209 stocks in the same industry.
- In the last month SFL has a been trading in the 9.82 - 11.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SFL Weekly and Daily overview Charts
SFL Setup Rating and Analysis
Although SFL has an excellent technical rating, the quality of the presented setup is 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
SFL Support and Resistance Analysis
8.20
4 important support areas can be observed.
- A support zone ranging from 10.38 to 10.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.75 to 9.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.38 from a trend line in the daily time frame.
- Support @8.28 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.85 to 11.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
SFL 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 SFL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SFL is up. |
| ChartMill Relative Strength | 88.59 | POSITIVE | SFL has a high relative strength, it outperformed 88.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SFL is above a declining 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) | UP | POSITIVE | The current price of SFL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.5 | NEUTRAL | The RSI value for SFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SFL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.81 | NEUTRAL | The Stochastics value for SFL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for SFL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for SFL suggests a possible start of a new trend. |
SFL Chart- and CandleStick Pattern Analysis
SFL 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 |
|---|---|---|---|
| 11.03 | 10.37 | 0.66 (5.98%) | 16.71% |
| An entry @11.03. This is a Buy Stop order right above the resistance zone. | An exit @10.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.66 points, which is 5.98%. | When investing 16.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
SFL Technicals: Chart, Performance Metrics, Trend & Indicators
10.59
-0.05 (-0.47%)
SFL CORP LTD / SFL TA FAQ
What is the ChartMill technical rating of SFL CORP LTD (SFL) stock?
ChartMill assigns a technical rating of 8 / 10 to SFL.
What is the trend direction for SFL stock?
The current trend direction for SFL CORP LTD (SFL) is Bullish.
What is the RSI signal for SFL stock?
SFL CORP LTD (SFL) has an RSI value of 55.5009. This indicates that the stock is currently neutral.
What is the MACD signal for SFL CORP LTD (SFL) stock?
The MACD indicator for SFL CORP LTD (SFL) has a value of -0.0318292, indicating a bearish trend.
Can you provide the buy/sell signal for SFL CORP LTD?
The buy/sell signal for SFL CORP LTD (SFL) is buy as both the short term and long term trends are positive.