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Horizon Oil Limited

HZN.AX•ASX
Energy
Oil & Gas Exploration & Production
$0.28
$0.005(1.79%)
Australian Market opens in 53h 36m

Horizon Oil Limited (HZN.AX) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Horizon Oil Limited (ASX:HZN.AX).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

HZN.AX Technical Analysis Summary

Horizon Oil Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 66.12)
Trend Strength:Strong (ADX: 31.52)
Volatility:Medium (ATR: 0.01)
Support/Resistance:$0.25 – $0.28 (Bollinger Bands)

This mix signals that Horizon Oil Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 66.12

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 79.17

Bullish
Buying momentum building without extremes.

Williams %R: -12.50

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 7.55

Strongly Bullish
Strong upside momentum.

Takeaway:Horizon Oil Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.01

Bullish
Bullish, trend momentum is strengthening.

ADX: 31.52

Strong
Strong trend, momentum well established.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 110.39

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Horizon Oil Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.28
Middle Band (SMA 20)
$0.27
Lower Band
$0.25
Current Position
Above Upper Band

Takeaway:Horizon Oil Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$0.29
Middle Line (EMA 20)
$0.27
Lower Channel
$0.24
Squeeze Status
Squeeze On

Takeaway:Horizon Oil Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume31.40M
Money Flow Index54.86Neutral, balanced money flows with no clear signal.
Relative Vigor Index47.92Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:HZN.AX shows balanced money flow with a slight bullish bias.

Technical Trading Signals Summary
Based on the current technical analysis of Horizon Oil Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Horizon Oil Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

Technical Analysis FAQ