2020 BULKERS LTD (2020.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:2020 - BMG9156K1018 - Common Stock
Taking everything into account, 2020 scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, 2020 is only an average performer.
Although the technical rating is only medium, 2020 does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 141.74, a Stop Loss order could be placed below this zone.
More info and screens
131.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 138.06 to 141.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 132.50 to 134.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @143.45 from a trend line in the weekly time frame.
- A resistance zone ranging from 147.01 to 149.01. 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 | UP | POSITIVE | The long term trend for 2020.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 2020.OL is up. |
| ChartMill Relative Strength | 55.29 | NEUTRAL | 2020.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 2020.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of 2020.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 2020.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.29 | NEUTRAL | The RSI value for 2020.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests 2020.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.29 | NEUTRAL | The Stochastics value for 2020.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for 2020.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for 2020.OL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 143.46 | 138.05 | 5.41 (3.77%) | 25.00% |
| An entry @143.46. This is a Buy Stop order right above the resistance zone. | An exit @138.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.41 points, which is 3.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:2020 (11/27/2025, 7:00:00 PM)
143
0 (0%)
2020 BULKERS LTD / 2020.OL FAQ
Can you provide the ChartMill technical rating for 2020 BULKERS LTD?
ChartMill assigns a technical rating of 6 / 10 to 2020.OL.
What is the trend direction for 2020 stock?
The current trend direction for 2020 BULKERS LTD (2020.OL) is Bullish.
What is the RSI signal for 2020 stock?
2020 BULKERS LTD (2020.OL) has an RSI value of 60.2866. This indicates that the stock is currently neutral.
What is the short term momentum for 2020 stock?
The short term momentum for 2020 BULKERS LTD (2020.OL) is positive.
Can you provide the buy/sell signal for 2020 BULKERS LTD?
The buy/sell signal for 2020 BULKERS LTD (2020.OL) is buy as both the short term and long term trends are positive.