Logo image of 2020.OL

2020 BULKERS LTD (2020.OL) Stock Technical Analysis

Europe - OSL:2020 - BMG9156K1018 - Common Stock

137.1 NOK
-0.3 (-0.22%)
Last: 10/24/2025, 7:00:00 PM
Technical Rating and Analysis

5

We assign a technical rating of 5 out of 10 to 2020. In the last year, 2020 was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
2020 is one of the better performing stocks in the Marine Transportation industry, it outperforms 70% of 18 stocks in the same industry.
2020 is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so 2020 is lagging the market slightly.
In the last month 2020 has a been trading in the 131.70 - 143.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, 2020 turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.

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Weekly and Daily overview Charts
2020 BULKERS LTD / 2020 Weekly stock chart
2020 BULKERS LTD / 2020 Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, 2020 does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 136.56, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

131.18

150.50

When analyzing the support we notice one important area.

  • A support zone ranging from 132.50 to 136.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 145.22 to 149.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for 2020.OL is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for 2020.OL is neutral.
ChartMill Relative Strength45.27NEUTRAL2020.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of 2020.OL is above a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of 2020.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of 2020.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)50.42NEUTRALThe RSI value for 2020.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.18POSITIVEThe MACD value suggests 2020.OL has a positive trend.
Stochastics (14,3)61.57NEUTRALThe Stochastics value for 2020.OL is a neutral value.
Average True Range in percent/ATR (20)2.45MEDIUM VOLATILITYThe ATR as a percentage value for 2020.OL suggests some volalility.
Average Directional Index/ADX (14)19.15NEGATIVEThe low ADX value for 2020.OL suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)

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2020 BULKERS LTD / 2020 Daily stock chart

2020 BULKERS LTD

OSL:2020 (10/24/2025, 7:00:00 PM)

137.1

-0.3 (-0.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-0.22%
1 Week2.16%
2 Weeks0.07%
1 Month-4.59%
3 Month7.28%
6 Month22.63%
12 Month3.32%
2 Year36.15%
3 Year75.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.04
ATR(20)%2.45%
ATR Inc1.85%
Range Today2.7
ADR(20)3.17
ADR(20)%2.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.27
3 months CRS60.02
6 months CRS71.53
Mansfield-0.36
10 Day High138.9
10 Day Low131.7
20 Day High143.8
20 Day Low131.7
52 Week High152
52 Week Low86.8
CS1 End136.56
CR1 Start145.22
Volume & EV
DER(3)-1.55%
DER(5)-1.21%
Volume93.68K
Volume Incr-12.96%
Vol(5)135.57K
Vol(50)136.54K

2020 BULKERS LTD / 2020.OL FAQ

Can you provide the ChartMill technical rating for 2020 BULKERS LTD?

ChartMill assigns a technical rating of 5 / 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 50.4246. 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 neutral.