Following these proceedings, BTIG Research initiated its Hafnia Ltd [HAFN] rating to a Buy in a research note published on April 12, 2024; the price target was $10.
Price Performance Review of HAFN
On Tuesday, Hafnia Ltd [NYSE:HAFN] saw its stock fall -2.81% to $5.89. Over the last five days, the stock has lost -9.38%. Hafnia Ltd shares have fallen nearly -14.70% since the year began. Nevertheless, the stocks have fallen -8.11% over the past one year. While a 52-week high of $8.99 was reached on 05/31/24, a 52-week low of $5.66 was recorded on 10/29/24. SMA at 50 days reached $7.24, while 200 days put it at $7.56.
Levels Of Support And Resistance For HAFN Stock
The 24-hour chart illustrates a support level at 5.83, which if violated will result in even more drops to 5.76. On the upside, there is a resistance level at 5.99. A further resistance level may holdings at 6.08. The Relative Strength Index (RSI) on the 14-day chart is 21.33, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.17%. Stochastics %K at 4.20% indicates the stock is a buying.
How much short interest is there in Hafnia Ltd?
A steep rise in short interest was recorded in Hafnia Ltd stocks on 2024-10-15, growing by 0.91 million shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.81 million shares. There was a rise of 53.04%, which implies that there is a positive sentiment for the stock.
