SFL CORP LTD (SFL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SFL - BMG7738W1064 - Common Stock
We assign a technical rating of 1 out of 10 to SFL. SFL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SFL has a poor technical rating and the quality of the setup is also only medium 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
6.76
When analyzing the support we can see 2 important areas.
- Support @7.66 from a trend line in the daily time frame.
- A support zone ranging from 6.83 to 6.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.89 to 8.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for SFL is down. |
| ChartMill Relative Strength | 21.29 | NEGATIVE | SFL has a low relative strength, it was outperformed by 78.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SFL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SFL is below 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) | 43.36 | NEUTRAL | The RSI value for SFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SFL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.52 | OVERSOLD | The low Stochastics value suggests SFL may be oversold. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SFL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.31 | NEUTRAL | The ADX value for SFL suggests a possible start of a new trend. |
7.72
+0.04 (+0.52%)
SFL CORP LTD / SFL FAQ
What is the ChartMill technical rating of SFL CORP LTD (SFL) stock?
ChartMill assigns a technical rating of 1 / 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 43.3574. 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 negative.
Can you provide the support and resistance levels for SFL CORP LTD?
SFL CORP LTD (SFL) has a support level at 7.66 and a resistance level at 7.89. Check the full technical report for our detailed analysis of SFL support and resistance levels.