Advertisement

Meyka AI - Contribute to AI-powered stock and crypto research platform
Meyka Stock Market API - Real-time financial data and AI insights for developers
Advertise on Meyka - Reach investors and traders across 10 global markets
Loading...

Horizon Oil Limited

HZNFF•PNK
Energy
Oil & Gas Exploration & Production
$0.20
$0.00(0.00%)
U.S. Market opens in 13h 33m

Horizon Oil Limited (HZNFF) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Horizon Oil Limited (PNK:HZNFF).

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

HZNFF Technical Analysis Summary

Horizon Oil Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 52.62)
Trend Strength:Weak (ADX: 14.76)
Volatility:High (ATR: 0.03)
Support/Resistance:$0.11 – $0.26 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 52.62

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 44.78

Neutral
Mid-range signal with no clear trend.

Williams %R: -55.22

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 11.11

Strongly Bullish
Strong upside momentum.

Takeaway:Horizon Oil Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.02

Bullish
Bullish, trend momentum is strengthening.

ADX: 14.76

Weak
Weak trend, market trading sideways.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): 18.82

Neutral
Neutral, no strong directional signal.

Takeaway:Horizon Oil Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.26
Middle Band (SMA 20)
$0.19
Lower Band
$0.11
Current Position
Within Bands

Takeaway:Horizon Oil Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.25
Middle Line (EMA 20)
$0.19
Lower Channel
$0.12
Squeeze Status
No Squeeze

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

Volume & Money Flow Analysis
On-Balance Volume169.70K
Money Flow Index30.96Bearish, selling pressure outweighs inflows.
Relative Vigor Index20.41Bearish, price momentum favors sellers.

Overall Takeaway:HZNFF shows bearish money flow, with sellers dominating volume and vigor.

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.

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

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Horizon Oil Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

Technical Analysis FAQ