Londinia Opportunities Analyses - 04/25/2024 (GMT) SFL CORP. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	SFL
ISIN:	BMG810751062

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 12.91 USD

My targets

13.29 USD (+1.68%)

13.42 USD (+2.68%)

My analysis

SFL CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.91 USD. The next resistance located at 13.29 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13.42 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

SFL CORP. rating 13.07 USD. The price registered an increase of +0.31% on the session and was traded between 12.95 USD and 13.08 USD over the period. The price is currently at +0.93% from its lowest and -0.08% from its highest.

12.95

13.08

13.07

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SFL CORP.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SFL CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	12.56	12.70	12.91	13.07	13.07	13.29	13.42
Change (%)	-3.90%	-2.83%	-1.22%	0%	-	+1.68%	+2.68%
Change	-0.51	-0.37	-0.16	0	-	+0.22	+0.35
Level	Minor	Major	Major	Minor	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.79	12.84	12.94	12.99	13.09	13.14	13.24
Camarilla	12.99	13.00	13.02	13.03	13.04	13.06	13.07
Woodie	12.81	12.85	12.96	13.00	13.11	13.15	13.26
Fibonacci	12.84	12.90	12.94	12.99	13.05	13.09	13.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.05	12.20	12.46	12.61	12.87	13.02	13.28
Camarilla	12.60	12.64	12.67	12.71	12.75	12.79	12.82
Woodie	12.10	12.23	12.51	12.64	12.92	13.05	13.33
Fibonacci	12.20	12.36	12.46	12.61	12.77	12.87	13.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.01	12.36	12.77	13.12	13.53	13.88	14.29
Camarilla	12.97	13.04	13.11	13.18	13.25	13.32	13.39
Woodie	12.04	12.38	12.80	13.14	13.56	13.90	14.32
Fibonacci	12.36	12.65	12.83	13.12	13.41	13.59	13.88

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.42
MACD (12,26,9):	0.0800
Directional Movement:	12.46
AROON (14):	100.00
DEMA (21):	13.05
Parabolic SAR (0,02-0,02-0,2):	12.91
Elder Ray (13):	0.05
Super Trend (3,10):	12.83
Zig ZAG (10):	13.06
VORTEX (21):	1.1600
Stochastique (14,3,5):	76.44
TEMA (21):	13.07
Williams %R (14):	-8.33
Chande Momentum Oscillator (20):	0.05
Repulse (5,40,3):	0.7200
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	1.53

MA7:	12.81
MA20:	12.87
MA50:	12.96
MA100:	12.19
MAexp7:	13.01
MAexp20:	12.94
MAexp50:	12.84
MAexp100:	12.83
Price / MA7:	+2.03%
Price / MA20:	+1.55%
Price / MA50:	+0.85%
Price / MA100:	+7.22%
Price / MAexp7:	+0.46%
Price / MAexp20:	+1.00%
Price / MAexp50:	+1.79%
Price / MAexp100:	+1.87%

Quotes : - 15 min delayed data - Actions NYSE

News

The latest news and videos published on SFL CORP. at the time of the analysis were as follows: