2020 BULKERS LTD (2020.OL) Stock Technical Analysis
OSL:2020 - Euronext Oslo - BMG9156K1018 - Common Stock - Currency: NOK
Overall 2020 gets a technical rating of 1 out of 10. 2020's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
77% of all other stocks performed better in the past year than 2020.
In the last month 2020 has a been trading in the 113.20 - 132.00 range, which is quite wide. It is currently trading near the lows of this range.
2020 is one of the better performing stocks in the Marine Transportation industry, it outperforms 89% of 87 stocks in the same industry.
2020 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so 2020 is lagging the market.
The technical rating of 2020 is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
97.02
130.12
We found 1 important support area.
- A support zone ranging from 98.00 to 100.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 117.84 to 119.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @126.29 from a trend line in the weekly time frame.
- A resistance zone ranging from 128.80 to 128.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for 2020.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 2020.OL is down. |
| ChartMill Relative Strength | 23.79 | NEGATIVE | 2020.OL has a low relative strength, it was outperformed by 76.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 2020.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of 2020.OL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 2020.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.36 | NEUTRAL | The RSI value for 2020.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.76 | NEGATIVE | The MACD value suggests 2020.OL has a negative trend. |
| Stochastics (14,3) | 3.65 | OVERSOLD | The low Stochastics value suggests 2020.OL may be oversold. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for 2020.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.3 | NEUTRAL | The ADX value for 2020.OL suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
OSL:2020 (7/1/2025, 9:20:30 AM)
113.6
+0.2 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg0.18%
1 Week-3.65%
2 Weeks-11.82%
1 Month-6.2%
3 Month14.43%
6 Month-16.49%
12 Month-25.54%
2 Year11.18%
3 Year0.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.63
ATR(20)%3.24%
ATR Inc-51.77%
Range Today1.6
ADR(20)3.49
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.79
Mansfield-1.85
10 Day High129.8
10 Day Low113.2
20 Day High132
20 Day Low113.2
52 Week High159
52 Week Low86.8
CS1 End100.36
CR1 Start128.8
Volume & EV
DER(3)-4.13%
DER(5)-3.63%
Volume7.54K
Volume Incr-30%
Vol(5)94.79K
Vol(50)105.53K