2020 BULKERS LTD (2020.OL) Stock Technical Analysis
OSL:2020 • BMG9156K1018
We assign a technical rating of 0 out of 10 to 2020. 2020 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 76% of all other stocks performed better in the past year than 2020.
- 2020 is part of the Marine Transportation industry. There are 17 other stocks in this industry, of which 81% are performing better than 2020.
- 2020 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- 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.
2020 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 132.77, a Stop Loss order could be placed below this zone.
More info and screens
129.69
When analyzing the support we notice one important area.
- A support zone ranging from 131.00 to 132.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @142.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 147.00 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 | 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 | 24.58 | NEGATIVE | 2020.OL has a low relative strength, it was outperformed by 75.42% 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) | DOWN | NEGATIVE | The current price of 2020.OL is below 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) | 43.55 | NEUTRAL | The RSI value for 2020.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests 2020.OL has a positive trend. |
| Stochastics (14,3) | 26.75 | NEUTRAL | The Stochastics value for 2020.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for 2020.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 29.71 | POSITIVE | The high ADX value value for 2020.OL suggests a strong trend. |
OSL:2020 (2/27/2026, 4:19:50 PM)
134.8
+1.1 (+0.82%)
2020 BULKERS LTD / 2020.OL FAQ
Can you provide the ChartMill technical rating for 2020 BULKERS LTD?
ChartMill assigns a technical rating of 0 / 10 to 2020.OL.
What is the current trend direction of 2020 BULKERS LTD (2020.OL) stock?
The current trend direction for 2020 BULKERS LTD (2020.OL) is Bearish.
Can you provide the RSI signal for 2020 BULKERS LTD?
2020 BULKERS LTD (2020.OL) has an RSI value of 43.5493. This indicates that the stock is currently neutral.
What is the MACD signal for 2020 BULKERS LTD (2020.OL) stock?
The MACD indicator for 2020 BULKERS LTD (2020.OL) has a value of 0.0989507, indicating a bearish trend.
Can you provide the support and resistance levels for 2020 BULKERS LTD?
2020 BULKERS LTD (2020.OL) has a support level at 132.77 and a resistance level at 136.63. Check the full technical report for our detailed analysis of 2020.OL support and resistance levels.