2020 BULKERS LTD (2020.OL) Stock Technical Analysis
OSL:2020 - Euronext Oslo - BMG9156K1018 - Common Stock - Currency: NOK
Taking everything into account, 2020 scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. 2020 was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, 2020 is a bad performer in the overall market: 86% of all stocks are doing better.
2020 is one of the lesser performing stocks in the Marine Transportation industry. 66% of 19 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
2020 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
2020 is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 2020 is lagging the market slightly.
Although the technical rating is bad, 2020 does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 119.83, a Stop Loss order could be placed below this zone.
More info and screens
98.94
139.29
We found 2 important support areas.
- A support zone ranging from 117.96 to 119.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @99.94 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @123.44 from a trend line in the weekly time frame.
- Resistance @125.63 from a trend line in the daily time frame.
- A resistance zone ranging from 135.80 to 137.91. 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 | NEUTRAL | NEUTRAL | The long term trend for 2020.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 2020.OL is up. |
| ChartMill Relative Strength | 14.34 | NEGATIVE | 2020.OL has a low relative strength, it was outperformed by 85.66% off all stocks 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) | DOWN | NEGATIVE | The current price of 2020.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.55 | NEUTRAL | The RSI value for 2020.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests 2020.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.21 | NEUTRAL | The Stochastics value for 2020.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for 2020.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.27 | NEGATIVE | The low ADX value for 2020.OL suggests a weak or negative 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 (5/30/2025, 7:00:00 PM)
120.9
+2.8 (+2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg2.37%
1 Week1.85%
2 Weeks0%
1 Month9.02%
3 Month-11.75%
6 Month-5.69%
12 Month-26.05%
2 Year21.57%
3 Year-5.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.96
ATR(20)%3.45%
ATR Inc9.61%
Range Today5.2
ADR(20)3.83
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.34
Mansfield-1.21
10 Day High123.8
10 Day Low115.6
20 Day High125.5
20 Day Low108.1
52 Week High165
52 Week Low86.8
CS1 End119.83
CR1 Start123.44
Volume & EV
DER(3)-0.84%
DER(5)-0.82%
Volume130.26K
Volume Incr-14.23%
Vol(5)74.24K
Vol(50)106.19K