Hafnia Limited Stock Forecast
Stronger technical forecast for Hafnia Limited stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The Hafnia Limited stock price gained 0.417% on the last trading day (Tuesday, 30th Apr 2024), rising from kr83.85 to kr84.20. During the last trading day the stock fluctuated 1.13% from a day low at kr84.00 to a day high of kr84.95. The price has risen in 6 of the last 10 days and is up by 3.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately kr104.67 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at kr80.70, a level that may pose a second chance to hit a runner. According to fan-theory kr86.27 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HAFNI.OL Signals & Forecast
Mostly positive signals in the chart today. The Hafnia Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr82.67 and kr78.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 13.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hafnia Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at kr77.55 and kr75.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hafnia Limited finds support just below today's level at kr77.55. If this is broken, then the next support from accumulated volume will be at kr75.05 and kr74.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.95 between high and low, or 1.13%. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: kr80.89 (-3.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (HAFNI.OL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hafnia Limited to open at kr84.38, and during the day (based on 14 day Average True Range), to move between kr82.36 and kr86.04, which gives a possible trading interval of +/-kr1.84 (+/-2.19%) up or down from last closing price. If Hafnia Limited takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr77.55, some kr6.65 (7.90%) from the current price of kr84.20, our system finds the risk reward attractive.
Is Hafnia Limited stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Hafnia Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.067 Strong Buy Candidate Upgraded
Predicted Opening Price for Hafnia Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr84.38 ( 0.218%) | kr84.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAFNI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.33 | 1.35 % | |
| R2 | 84.97 | 0.92 % | ||
| R1 | 84.75 | 0.649 % | ||
| Current price: | 84.20 | |||
| Support | S1 | 84.02 | -0.213 % | |
| S2 | 83.80 | -0.480 % | ||
| S3 | 83.43 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 84.20 | |||
| Support | S1 | 77.55 | -7.90% | |
| S2 | 75.05 | -10.87% | ||
| S3 | 74.00 | -12.11% |
HAFNI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 11, 2024 | Mar 19, 2024 | kr2.54 | 3.29% |
| 2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | kr0.203 | 0.286% |
| 3 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | kr0.253 | 0.405% |
| 4 | May 25, 2023 | May 25, 2023 | May 25, 2023 | kr0.304 | 0.570% |
| 5 | Mar 03, 2023 | Mar 03, 2023 | Mar 03, 2023 | kr0.316 | 0.524% |
FAQ
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