Hafnia Limited Stock Forecast
Hafnia Limited stock price up 0.378% on Friday
(Updated on Jun 21, 2024)
The Hafnia Limited stock price gained 0.378% on the last trading day (Friday, 21st Jun 2024), rising from $7.93 to $7.96. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.04% from a day low at $7.85 to a day high of $8.01. The price has been going up and down for this period, and there has been a -5.58% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 422 thousand more shares were traded than the day before. In total, 710 thousand shares were bought and sold for approximately $5.65 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.87% during the next 3 months and, with a 90% probability hold a price between $6.40 and $7.18 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HAFN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.28%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hafnia Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.25. On a fall, the stock will find some support from the short-term average at $7.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hafnia Limited stock
Hafnia Limited finds support from accumulated volume at $7.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.160 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 2.04%.
Hafnia Limited is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $7.50 (-5.73%) (This stock has low daily movements and this gives low risk. Low RSI14 is 26 which reduces the risk some. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (HAFN) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Hafnia Limited to open at $7.94, and during the day (based on 14 day Average True Range), to move between $7.73 and $8.19, which gives a possible trading interval of +/-$0.231 (+/-2.91%) up or down from last closing price. If Hafnia Limited takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.98 (0.25%) than the support at $7.93 (0.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hafnia Limited stock A Buy?
Hafnia Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hafnia Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $7.94 ( 0.251%) | $7.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAFN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.10 | 1.76% |
| R2 | 8.04 | 0.99% |
| R1 | 8.00 | 0.517% |
| Price | 7.96 | |
| S1 | 7.88 | -1.02% |
| S2 | 7.84 | -1.49% |
| S3 | 7.78 | -2.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.43 | 5.90% |
| R2 | 8.01 | 0.628% |
| R1 | 7.98 | 0.251% |
| Price | 7.96 | |
| S1 | 7.93 | -0.377% |
| S2 | 7.64 | -4.02% |
| S3 | 7.49 | -5.90% |
HAFN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | May 22, 2024 | Jun 03, 2024 | $0.344 | 3.94% |
| 2 | Mar 11, 2024 | Mar 11, 2024 | Mar 19, 2024 | $0.243 | 0% |
FAQ
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